Crypto Market Sentiment Sinks to Eight-Month Low Amid Price Volatility

Investor confidence in the digital asset market has reached its lowest point since February, fueled by a wave of macroeconomic concerns. The Fear and Greed Index dropped to 10 this weekend, indicating extreme fear among investors, marking the lowest reading in over eight months. Bitcoin’s price briefly dipped below $95,000 on Friday before attempting to reclaim the $96,000 threshold. This recent downturn follows a similar pattern from February when Bitcoin exchange-traded funds experienced a record withdrawal of over $1.1 billion, leading to a significant price drop that sent shockwaves through the market.