Crypto Market Today Rebounds as Bitcoin, XRP Rally After Panic Sell-Off — TradingView News
The crypto market showed early signs of recovery today after a sharp sell-off, with Bitcoin climbing back above the $71,000 level. The rebound followed a wave of panic selling that pushed market sentiment to an extreme level of fear, leaving investors unsure whether this move marks a real recovery or just a short-term bounce before another decline.
The Crypto Fear & Greed Index dropped to 5, one of its lowest levels ever, indicating the extent of negative sentiment. Similar levels were last seen during major market crashes, including the COVID crash and the collapse of FTX, highlighting the scale of fear that recently gripped the market.
Bitcoin and Altcoins Recover as Oversold Conditions Ease
Bitcoin briefly dipped close to the $60,000…
