Significant pressure hits the crypto market in last 24 hours
In the past 24 hours, the crypto market experienced a notable decline: the total capitalization dropped by approximately 4%, with Bitcoin falling to around $85,000. This indicates increased volatility and instability in the market.
During the sell-off, the Fear and Greed Index fell to 11 points, signalling panic among investors. Total liquidations surpassed $658 million, mostly from long positions. Ethereum and most altcoins experienced even deeper corrections, intensifying the overall negative sentiment in the market.
This situation may point to continued volatility and possible further corrections in the cryptocurrency market soon, so investors should remain cautious and prepared for risks.
