Cryptocurrency market sentiment has deteriorated, reaching "extreme fear" levels, with the Fear and Greed Index falling to 10 points, its lowest level since late February, amid weekly declines in major cryptocurrencies. Bitcoin led the decline, losing more than 5% over the past seven days and reaching levels not seen since early March, while the overall cryptocurrency market has lost 5.8% of its value. The sell-off is the result of a combination of factors, including profit-taking, institutional outflows, macroeconomic uncertainty, and low liquidity.$BTC #GateOctTransparencyReportReleased #CoinDeskOctoberGateReportComing #GovShutdownOfficiallyEnded #BuyTheDipOrWaitNow? #AreYouBullishOrBearishToday?
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What you need to know:
Cryptocurrency market sentiment has deteriorated, reaching "extreme fear" levels, with the Fear and Greed Index falling to 10 points, its lowest level since late February, amid weekly declines in major cryptocurrencies.
Bitcoin led the decline, losing more than 5% over the past seven days and reaching levels not seen since early March, while the overall cryptocurrency market has lost 5.8% of its value.
The sell-off is the result of a combination of factors, including profit-taking, institutional outflows, macroeconomic uncertainty, and low liquidity.$BTC #GateOctTransparencyReportReleased #CoinDeskOctoberGateReportComing #GovShutdownOfficiallyEnded #BuyTheDipOrWaitNow? #AreYouBullishOrBearishToday?