Bitcoin is holding the support level, fear prevails.

Fear in the Crypto Markets

Bitcoin and Ethereum have managed to maintain critical support levels during Asian trading hours. However, weakness is observed in the broader crypto market. In an environment where stocks and precious metals are rising, investor sentiment is quite negative.

Fear and Greed Index has fallen to 17 out of 100, reinforcing concerns. Some analysts state that the structural downside risks of the market have not yet been resolved.

Activity in Altcoins

Altcoins have shown a sharp bounce over the past week. In particular, HYPE has attracted attention with an increase of over 70%. Other altcoins such as POL, LIT, and MORPHO have also made gains. However, privacy coins known as Monero and Zcash continue to decline.