Khaberni - Fear among cryptocurrency investors and traders has worsened, with the intensifying wave of selling that the sector is witnessing, which has pushed the price of Bitcoin below the $67,000 level during today's Thursday transactions.
The "Coin Market Cap" Fear and Greed Index (CMC Crypto Fear and Greed Index) dropped to 11 points today, indicating a state of extreme fear, after it recorded 14 points yesterday, and 38 points a week ago.
This coincided with a decline in the total market value of cryptocurrencies by 7.4% or approximately $250 billion over the past 24 hours, registering $2.31 trillion.
The largest cryptocurrency - Bitcoin - lost 7.91% of its market value falling to $1.35 trillion, while the market value of Ethereum declined by 6.36% to $239.41 billion.
As an indication of falling investment demand, U.S. exchange-traded Bitcoin funds witnessed a net outflow of capital amounting to $764.77 million since last Friday, including $544.94 million yesterday, according to "SoSoValue" data.
