📉 Market Status: Major Sell-off
Market Plunge: The overall crypto market has shed over $1 trillion in market capitalization in the past six weeks, with the total value dipping below $3 trillion.
Bitcoin (BTC) Performance:
Bitcoin is trading near seven-month lows, having briefly dipped below $82,000 and trading around $84,311 (as of reports from the past day).
It is experiencing its steepest monthly decline since 2022, having fallen more than 30% from its all-time high above $126,000 in early October.
$BTC
Ethereum (ETH) Performance:
Ethereum has also fallen to four-month lows, trading around $2,742 (as of reports from the past day).
Bearish Sentiment: Market conditions are being described as the "most bearish" since the bull cycle began in January 2023, with sentiment indicators pointing toward "extreme fear."
