CandleFocus Why Crypto Market is Down Today? Fear and Greed Index Signals Extreme Caution
2024-09-07
Author: Content Editor
Bitcoin price led the altcoin sector in losses as it consistently closed below the crucial support level above $57k. The total crypto market cap slipped below $2 trillion, and the fear and greed index dropped to extreme fear. Analysts believe the losses could continue with Bitcoin price expected to drop below $50k. Whale investors have increased selling pressure, with large deposits of Ether and BTC to exchanges. US-based Bitcoin and Ether ETFs have experienced significant outflows in the past week.
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