Crypto
Bitcoin Plummets Below $64K Amid Extreme Fear
Bitcoin has retreated to just below $63,600 as market participants exhibit extreme fear. According to CoinGecko-derived aggregate data, total crypto market capitalization hovers near $2.26 trillion.
The Fear & Greed Index has plummeted to 25, indicating widespread defensive positioning rather than conviction in further downside. Historically, such low readings often coincide with periods of capitulation or bottoming behavior.
Looking at the daily chart, price remains trapped below every major moving average that matters, including the EMA20 at $63,934 and the EMA50 at $64,643. The MACD histogram is clearly negative, diverging from the calmer RSI reading of 47.82.