The cryptocurrency market is experiencing a downturn, leading to extreme panic among investors. The Cryptocurrency Panic and Greed Index has dropped significantly, indicating a transition from panic to extreme panic. The global cryptocurrency market cap has fallen by 12.8% in the last 24 hours to $2.84 trillion, with a total trading volume of $215 billion. Bitcoin dominates the market at 58.5%, followed by Ethereum at 8.76%. Despite the overall decline, Polkadot and XRP Ledger cryptocurrencies have seen gains. Bitcoin's price has dropped by 9.63% to $83,756, while Ethereum has fallen by 14.61% to $2,082.82. Altcoins like Ripple, Solana, and Cardano have also experienced significant losses. The Panic and Greed Index highlights concerns about the market's stability.



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