Cryptocurrency Market Hits 3.63% Decline Amid 'Extreme Fear' Sentiment

The cryptocurrency market has been experiencing a period of volatility over the past day, with a decline of 3.63% bringing the cumulative capitalization to $2.09 trillion.

According to data from various sources, including CoinMarketCap and Crypto Fear & Greed Index, the market is currently facing an 'Extreme Fear' sentiment level of 13 points. This indicates that investors are becoming increasingly cautious and bearish on the market.

However, despite this downturn in market sentiment, some cryptocurrencies have shown resilience, with Bitcoin (BTC) experiencing a 1.54% price increase to $61,645.60, and Ethereum (ETH) rising by 1.84% to $1,593.68.