In brief
- Sentiment in the crypto market has flipped back to “extreme fear” as Bitcoin falls.
- The top crypto asset dipped below $69,000 Thursday morning.
- Nevertheless, predictors on Myriad favor a jump to “neutral” sentiment ahead of a fall to a strong “extreme fear” rating.
Crypto market sentiment has shifted back to “Extreme Fear” as Bitcoin has fallen below $70,000, giving up recent gains that some traders hoped signaled a return to greener pastures.
The top crypto asset provided traders with a brief spike above $75,000 earlier this week on Monday, but the momentum was short-lived as BTC is trading around $69,340 on Thursday according to CoinGecko data, down around 3% in the last 24 hours of trading after dropping to an intraday…
