🔻 Crypto market in red: Bearish sentiment and price drops 🔻
Today the cryptocurrency market shows a clear bearish sentiment, with widespread declines in Bitcoin, Ethereum, and most altcoins. The pullback intensified after drops of more than 20% from recent highs, confirming the entry into a prolonged bear market.
Among the main causes are:
- Global macroeconomic uncertainty, especially due to fears of recession in the U.S. and international trade tensions.
- Regulatory pressures, such as delays in ETF approvals and contradictory signals from authorities.
- Decreased investor confidence and increased fear, reflected in the collapse of the Fear and Greed Index and the drop in social media activity.
- Decreasing trading volume and panic selling, especially in altcoins and memecoins, which have lost up to 70% of their value this year.
The outlook remains uncertain, and although some traders see opportunities at these prices, the majority of the market remains cautious about potential further declines.
