What Is the Current Situation in the Crypto Market?
The crypto market finds itself in a rather tumultuous state at the moment, with a total market cap hovering around $2.99 trillion, marking a steep decline of 2.3% in the last 24 hours. Investors are experiencing extreme fear, exacerbated by regulatory changes and a slowdown in Bitcoin trading activity. Currently, Bitcoin prices have plummeted to about $85,995.56, whereas Ethereum sees a slight adjustment at approximately $2,826.47. Altcoins are behaving erratically, with some recording gains while others endure significant losses.
Currently, the Fear and Greed Index stands at 17, indicating extreme fear, a notable drop from 29 last week. Regulatory uncertainties and a conservative risk appetite are undoubtedly contributing to this…
