Bitcoin Takes a Hit Today
BTC drops 2.95% to $70,597 as selling pressure increases across crypto markets.
Extreme Fear Grips Investors
The Fear & Greed Index plunges to 18, signaling extreme fear among crypto traders.
What’s Driving the Selloff?
Market sentiment turns bearish as uncertainty and risk-off behavior dominate trading activity.
Historical Context Matters
Extreme fear levels often precede market bottoms, presenting potential buying opportunities.
Key Level to Watch: $70K
Bitcoin hovers near critical support at $70,000. A break below could trigger more selling.
What Should You Do?
Stay calm, avoid panic selling, and consider your long-term strategy during volatile periods.
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About the Author: Ananya Melhotra
