Fear has not left the crypto markets lately, just the opposite – the metric is now deep in the extreme fear territory.
Bitcoin’s inability to break past $20,000 has pushed it back down to a familiar ground of around $19,000. Most altcoins are also quite stable on a daily scale, with little-to-no movements. Klaytn is among the few exceptions, with a notable price increase following the latest developments around the protocol.Last week was quite uneventful for the primary cryptocurrency as the most significant volatile trading day came on Friday night when the asset plummeted toward $18,600. After charting that multi-day low, though, the bulls stepped up and pushed it north.
As such, the weekend resembled the previous one – meaning, the trading volumes were quite low, and bitcoin stood mostly around $19,000.to $19,700 for the first time in days. While the community was hoping for another leg up that will take it to $20,000, the landscape changed, and bitcoin returned back down to $19,000.This is all you need not to miss any price action in the raging crypto markets.
I think it's the opposite where people are holding for good news rather than fear edging.