The total cryptocurrency market capitalization has decreased by 5.5% to $3.75 trillion over the past month, driven by $2 billion in outflows from Bitcoin and Ethereum ETFs in the last week. This trend suggests waning institutional confidence in the market. Bitcoin and Ethereum have both experienced losses, with Bitcoin trading at $105,202, down 1%, and Ethereum at $3,560, down 1.4% in the past 24 hours.
The Fear and Greed Index has dropped to 26, indicating increased fear among investors. Additionally, recent market liquidations have totaled $366 million, highlighting the heightened volatility and cautious sentiment currently affecting the crypto market.
Crypto Market Cap Falls 5.5% as $2B Exits Bitcoin, Ethereum ETFs
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