Bitcoin's price has fallen below $90,000 for the third consecutive day, contributing to a broader market sell-off. Ethereum also saw a decline, slipping under $3,000, while Solana and Cardano experienced similar downward trends. The total cryptocurrency market capitalization decreased by 1.4% to $2.97 trillion.
The market's sentiment has shifted towards caution, with the fear and greed index dropping to 42. CoinShares reported a significant $952 million outflow from crypto investment products last week, marking the end of a three-week period of inflows. This broad selling pressure reflects growing investor apprehension in the crypto space.
Bitcoin Drops Below $90,000 as Crypto Market Faces Broad Sell-Off
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