Institutional investors from Bakkt and CME will probably help to move the market from the dead point. At some moments, the dynamics of altcoins and the benchmark cryptocurrency diverged in different directions, but by Thursday morning everything was going down together and on the same scale. The Bitcoin dominance index remains at 65.9%. The greed and fear index shows “Fear” at 30. The lower this value is, the stronger the fears of market participants are, the bigger is the sale, but also the moment of probable market reversal is potentially closer.
The FxPro Analyst Team