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Bitcoin Struggles Below $40K as Sentiment Returns to Extreme Fear (Market Watch)

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The Bitcoin fear and greed index has gone back to a state of 'extreme fear' as BTC stands below $40,000.

The Bitcoin fear and greed index has gone back to a state of “extreme fear” as BTC stands below $40,000.

After dropping below $40,000 earlier this weekend, bitcoin has been unable to reclaim that level despite a few attempts. The rest of the market is also relatively calm today, with ETH sitting beneath $3,000.After the Monday crash, bitcoin went on the offensive and added several thousand dollars in about a few days. As a result, it broke above the January 2021 all-time high of $42,000 and kept climbing.towards $43,000, which became a ten-day high.

In fact, the price drop was quite sudden, and the asset found itself trading below $40,000 hours later, asIt tried recovering a lot of ground but was stopped in its tracks at $40,000. This is where it sits now as well, and its market capitalization stands at $750 billion.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:

 

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