Crypto Market Declines as Bitcoin Fails to Hold $100,000

Fear Dominates the Crypto Market

In recent weeks, the sentiment in the cryptocurrency market has dropped to "extreme fear" levels. The Fear and Greed Index has fallen to a low of 10, the lowest since the end of February. During this process, most major cryptocurrencies have experienced losses.

Bitcoin has led this decline, losing more than %5 of its value in the last seven days. As of today, Bitcoin is trading at levels not seen since the beginning of March. The broader cryptocurrency market has also lost a total of %5.8.

Many factors have been cited behind this selling pressure, including profit-taking, institutional exits, macroeconomic uncertainty, and low liquidity.