On-chain data from Santiment shows several major crypto coins trading below the recent holders’ average cost basis.
The Bitcoin price consolidates around $67,000, to rebuild sufficient momentum for the next leap or dive.
The crypto fear and greed index at 15% suggest the broader market sentiment is strongly bearish.
On Friday, February 20th, the cryptocurrency market witnessed a slight uptick of roughly 1% as its market capitalization jumped to $2.33 Trillion. The buying pressure can be attributed to macro economic developments as the U.S. Supreme Court struck down President Trump’s recent tariff regime. However, the buying pressure short-lived as Trump found a new legal authority to impose a 10% global tariff on all imports. As a result, the majority of major crypto coins including Bitcoin, Ethereum, XRP, Cardano, and Chainlink witnessed overhead supply. A recent on-chain analysis highlights which of these assets are currently undervalued.
These Crypto Coins Enter U
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