Crypto traders and investors who bought near highs in recent months are getting absolutely rekt right now, as hype fades and the market bleeds.
Bitcoin is down to around $88,000, falling more than 20% over the last 30 days. The crypto market as a whole today fell to $3.04 trillion—down 4.82% in 24 hours—with 95% of all coins bleeding red. The Fear and Greed Index just hit 16, the lowest reading since April, firmly in extreme fear territory. To put this in perspective: Zcash is the only coin in the top 50 by market cap managing to stay green today, squeezing out a 4% gain.
And the macro pictu
Bitcoin is down to around $88,000, falling more than 20% over the last 30 days. The crypto market as a whole today fell to $3.04 trillion—down 4.82% in 24 hours—with 95% of all coins bleeding red. The Fear and Greed Index just hit 16, the lowest reading since April, firmly in extreme fear territory. To put this in perspective: Zcash is the only coin in the top 50 by market cap managing to stay green today, squeezing out a 4% gain.
And the macro pictu
1 month ago
