Bitcoin, Ethereum, XRP trim gains as risk-off sentiment returns
Bitcoin (BTC) extends correction below the $93,000 mark at the time of writing on Wednesday, signaling a cooldown from the early-year rally that touched $94,789 on Monday. Altcoins, including Ethereum (ETH) and Ripple (XRP), are also facing headwinds amid uncertainty in market sentiment.
The largest smart contracts token, ETH, is hovering above $3,200, down over 1%, while the cross-border remittance token, XRP, has corrected from the weekly high of $2.42 to trade at $2.24.
The Crypto Fear & Greed Index is at 42, highlighting a sticky fear sentiment in the broader cryptocurrency market despite improving from extreme fear last week, according to data by Alternative. Positive sentiment remains critical for steady price increases, while fear…
