Global Crypto Market Sees Significant Downturn

The crypto market has witnessed a significant downturn, with Bitcoin (BTC) and Ethereum (ETH) experiencing substantial losses. According to data, BTC's price dropped by 3.39%, while ETH's price fell by 3.25%. This decline has contributed to the overall market capitalization dropping by 3.05% to $2.28 trillion.

The Crypto Fear & Greed Index, a widely followed metric that gauges market sentiment, currently stands at 22 points, indicating a 'fear' environment among investors. This shift in sentiment is likely due to the recent price drops and market uncertainty.