Bitcoin and Ethereum faced significant declines of about 11% in the last week, approaching critical support levels. With altcoins like Cardano, Dogecoin, and Solana dropping by 20.8%, 24.2%, and 16.1% respectively, the overall market sentiment is one of fear.
The Crypto Fear & Greed Index fell to 28, marking a shift from cautious optimism to extreme fear among investors. Unless buying pressure increases, further losses are possible, with Bitcoin and Ethereum key levels to watch at $100,000 and $3,500 respectively.
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