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[Coin Market] Bitcoin returns to $91,000, altcoin adjustments continue... market sentiment remains fearful.
Source: BlockMedia Original Title: [Coin Market] Bitcoin Returns to $91,000, Altcoin Adjustments Continue… Market Sentiment Still Filled with Fear Original Link: The global digital asset market continues to show overall weakness, and market sentiment remains trapped in a state of 'fear'.
As of 5:30 PM on the 30th, the market capitalization of digital assets has recorded a decrease of 0.84% compared to the previous day, totaling $3.08 trillion. The Fear and Greed Index is at 20, maintaining the 'Fear' phase.
Bitcoin(BTC) fell by 0.54% to $90,684.91 compared to the previous day. Ethereum(ETH) decreased by 2.03% to $2,992.48 over the last 24 hours.
The top 10 altcoins are showing a slight decline of less than 1%. All of them have risen on a weekly basis, and the weekly increase rate of XRP( was the highest at 13.48%.
In the rally of physical safe-haven assets, attention is focused on whether Bitcoin will participate.
The digital asset market is in a state of 'fear', but recently the physical safe asset market has shown strength.
On Friday, gold surpassed $56, setting a new all-time high, while silver recorded $4,220, continuing its bullish trend. Bitcoin, known as 'digital gold' due to its limited supply, is under scrutiny to see if it will participate in this rally of physical assets.
A prominent CEO of a digital asset exchange said, “Sell in greed, buy in fear,” advising to take the current moment as a buying opportunity. This reflects the opinion that extreme fear in the market can actually present a good investment opportunity.