Markets largely ignored the update, underscoring that today’s crypto weakness appears driven more by positioning and sentiment than headlines.
The total crypto market value dropped to about $2.48 trillion, down more than 3.5% in 24 hours.
Fear Dominates Sentiment
Market indicators show confidence remains weak.
The Crypto Fear and Greed Index stayed deep in “extreme fear” territory, while momentum indicators suggest the market is oversold. However, analysts warn that oversold conditions do not guarantee an immediate rebound.
Now it remains to be seen whether Bitcoin can stabilize above the $72,000–$73,000 range. A sustained break below that zone could open the door to further losses, while consolidation may allow volatility to cool.
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