Bitcoin trades at $62K after losing 0.42% in the last 24 hours.
BTC has entered into the neutral zone as the Fear and Greed Index stays at 49.
Bitcoin (BTC) is currently hovering at $62K, showing brief signals of recovery from the steady plunge. Over the past few days, the largest asset has defied all bullish market predictions by extending its bearish rally to date.
BTC touched a high of the $66.3K mark in late September, ascending from a low of $55.8K. The current market volatility has kept the asset away from the upward movement. Over the past 24 hours, BTC has declined by 0.42%.
The asset’s intraday high and low were observed at $63,174 and $61,843, respectively. At press time, BTC traded at $62,082, as per CMC data. Consequently, BTC has stepped into the neutral zone as the Fear and Greed Index stays at 49.
Besides, Santiment data has noted a whale transaction on Bitcoin’s network, which coincided with a spike in dormant BTC activity and $37.4 billion in on-
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