The broader cryptocurrency market remains under pressure, with Bitcoin (BTC) trading around $62,000 on Tuesday, while market-wide Open Interest stabilizes after hitting a two-month low. Reduced leverage exposure reflects a risk-off phase, as supported by the Fear and Greed Index, which indicates extreme fear in the market. Although downside pressure lingers, Zcash (ZEC) and Terra Classic (LUNC) emerge as top performers over the last 24 hours, defying market trends.

Crypto is under pressure

Bitcoin’s rebound following a brief slip below $60,000 on Friday, as stronger-than-expected US jobs report data fueled hawkish Fed expectations, is losing momentum. The intraday pullback below $63,000 on Tuesday is consistent with the broader market…