Negative sentiment among crypto investors has sharply intensified. Technical analysis of Bitcoin's price suggests that its recent rally could have simply been a "bounce" within a continuing bearish trend.



The Fear and Greed Index dropped by 12 points immediately. On Thursday it indicated 23 points, and on Friday — 11. The intensification of "extreme fear" suggests that panic sentiment is growing on the market, with participants inclined toward active sales of cryptocurrencies.

Meanwhile, the Bitcoin (BTC) exchange rate, which updated its peak for 1.5 months this week near $76 K and then fell below $70 K, showed a 1% gain over the past 24 hours. At 11:00 MSK on March 20, it is trading around $70.8K.

The total capitalization of cryptocurrencies rose by 0.4% over the past 24 hours to $2.42 trillion. Among the top-100 coins, Bittensor (TAO) showed the largest gain — 18%. The strongest decline was in River (RIVER) — down 25%. The Ethereum (ETH) exchange rate declined by 0.7%, with the leading altcoin trading around $2.15K.

Spot Bitcoin (ETF) funds in the US have recorded outflows for two consecutive trading days: on March 18 and 19, approximately $253 M was withdrawn from them in total, according to SoSoValue data. Ethereum funds saw more than $186 M withdrawn.
BTC-3,54%
TAO-4,43%
ETH-5,18%
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