Bitcoin price drops to its lowest level in 2025, market sentiment remains in extreme fear

On the morning of March 11, 2025, Bitcoin (BTC) broke through its previous bottom, plunging to $76,600, the lowest level since November 2024.

The sharp correction of the world’s largest cryptocurrency has triggered a market-wide downturn. Major altcoins have all recorded losses ranging from 4% to 10%. Notably, Ethereum (ETH) was briefly sold off to $1,760, marking its lowest price since October 2023.

Crypto investors are in an extremely negative sentiment as the Crypto Fear and Greed Index (CFGI) has dropped to 20/100 (Extreme Fear), reflecting growing panic in the market.

Despite Bitcoin’s continuous correction in recent days, on the night of March 10, MicroStrategy announced a plan to raise $21 billion to buy more Bitcoin.