The top 10 crypto assets based on the market cap are facing extreme bearishness. The dropping price of BTC is taking the whole market down and there is a lot of FUD and bearishness in the whole crypto market.
The Crypto market is in a downtrend and the top 10 crypto assets are facing extreme bearishness. The flagship currency, BTC, has plunged from $46,500 to $41,980. The second-largest crypto by market cap followed the BTC and dropped below the $3,200 level. Santiment data shows that there is extreme bearishness and FUD in the whole market. Santiment shared a tweet mentioning the top 5 crypto assets.
Top 10 crypto assets are facing extreme bearishness:
The tweet from the firm further shared the crowd’s sentiments about the crypto market. We can also see that the whole crypto market has followed the flagship currency. On December 27, 2021, BNB was trading at the $569 price level which has dropped to $457. OL reached $203 on December 27 but by now have declined over fifty percent to the $146 mark. Cardano’s native token has also dropped by 8%.
Meanwhile, Bitcoin Fear and Greed Index shows 10, indicating “extreme fear” in the crypto market. According to the popular Chinese crypto-journalist Colin Wu, this is the lowest since July 21 last year. The top 10 crypto assets are showing extreme volatility so the users should avoid such a situation in the market.
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