The fear sentiment has returned to the cryptocurrency market, with the Fear and Greed Index dropping to 38, indicating caution but not extreme fear. This is in contrast to the last time market confidence was this low when Bitcoin was trading around $60,000 and altcoins had a total market cap of $900 billion. Currently, Bitcoin is just under $100,000, and the altcoin market cap has increased to $1.24 trillion. Unlike before, there is no major external catalyst on the horizon that could spark another sharp rally, leaving the market uncertain about its next move. However, historically, fear phases have not lasted indefinitely, and significant market upswings often follow periods of doubt and hesitation. While the triggers for a rebound may not be as obvious this time, opportunity may still arise.



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