Bitcoin’s Gains Vanish as Fear-Driven Selling Increases

Following a historic high reached just months ago, Bitcoin’s price has reversed its gains of over 30% this year, completely erasing them. This downward trend is fueled by the recent cooling of AI tech stocks, leading to a general decrease in risk appetite across the market and cryptocurrencies as a whole. As these trends accelerate, investors are rushing to sell Bitcoin before what they believe will be a bear market looms on the horizon. The fear-greed index has fallen dramatically, signaling extreme anxiety within the cryptocurrency community. 4-year cycle predictions suggest this is a natural part of the market, but new factors have emerged.