Bitcoin price declined by 4% in the last 24 hours, slipping down to $58K.
The BTC market sentiment is in an extreme fear zone.
The crypto market has suffered a notable price drop over the last 24 hours. Overall global crypto market cap has dropped by 4.07% to $2.05 trillion over the last day. Leading cryptocurrencies have fallen to considerable support levels, like in July. Bitcoin (BTC) and Ethereum (ETH) have fallen over 4% within the last 24 hours, sinking below $59K and $2.6K.
Bitcoin has been displaying significant fluctuations, and the current price momentum is at a declining pace, down by 3.98% in the last 24 hours. Notably, BTC fell from a high of $61K to a low of $58,207. During this dip, BTC’s trading volume has soared by 71.19% to $25 billion. At press time, BTC traded at $58,557, as per CMC data.
Moreover, the BTC Fear and Greed Index stays at 25, suggesting extreme fear in the market. Crypto data platform Coinglass reports that Bitcoin has witnessed a 24
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