The cryptocurrency market continues to face downward momentum on Tuesday, with Bitcoin (BTC) sliding below $60,000, Ethereum (ETH) breaching the $1,600 mark, and Ripple (XRP) retreating toward its critical $1.00 psychological threshold.

Sentiment remains low amid ongoing ETF outflows

Sentiment in the broader crypto market has remained significantly subdued, as reflected in the Fear & Greed Index, which holds in Extreme Fear territory at 15 on Monday, up only slightly from 12 the previous day. Persistently weak risk appetite dampens demand for risk assets and constrains price movement across the market.

Outflows from US-listed Bitcoin spot ETFs underscore waning institutional interest, with…