Crypto Rout Deepens Amid Extreme Fear of More Selloff: What’s Next?
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Bitcoin and Ethereum lead a bearish crypto market, with total market cap down to $2.27 trillion. The Fear & Greed Index indicates extreme fear at 8/100, suggesting potential for further capitulation amid low demand. Historical trends indicate a prolonged crypto winter may last several months before a bullish turnaround.
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- Bitcoin and Ethereum have led the wider crypto market in a bearish outlook.
- The crypto fear and greed index shows extreme fear of further capitulation amid low demand from whales.
- Historically analysis signals the ongoing crypto winter may extend for several months before a macro bullish rebound.
The crypto market has extended its losses led by Bitcoin (BTC) and Ethereum (ETH). The total crypto market cap dropped 1.19% in the past 24 hours to hover about $2.27 trillion on Friday, February 14, during the mid-London session.
Despite top Digital Asset Treasuries (DATs) holding through the bearish windstorms, Bitcoin and ETH prices dropped 2% in the past 24 hours to trade at about $66,215 and $1,937 respectively. As such, CoinMarketCap’s Fear & Greed Index has dropped to hover about 8/100, signaling extreme fear of further capitulation.
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