Crypto Markets: Bitcoin and Ethereum on the Decline

Bitcoin has decreased to 93,400 Dollars, reaching its lowest levels in the past few months. Ethereum, on the other hand, has dropped to 3,050 Dollars. Both assets have formed lower highs and lows in the time frames.

Meanwhile, a Bitcoin liquidation zone worth 62 million Dollars is expected at the level of 92,840 Dollars. Solana has also declined to 135 Dollars, while Ethereum briefly tested the 3,000 Dollars level. Decreasing liquidity has intensified downward movements in both major cryptocurrencies and privacy-focused coins.

The crypto fear and greed index has dropped to 17/100, marking the lowest level since April. On the other hand, Relative Strength Index (RSI) data shows that the market is not completely oversold despite the sharp monthly losses.