ETF Outflows Join Fed Caution To Make November A Tough Start For Bitcoin

By Coin Edition
about 23 hours ago
GREED FUELX BTC ETF DROPS
  • Bitcoin trades at $103,800, down 3% in 24 hours and 15% over the month.
  • Crypto Fear & Greed Index plunges to 21, indicating “extreme fear.”
  • Fed’s cautious tone and ETF outflows trigger a broad sentiment decline.

Bitcoin market sentiment has plunged into “extreme fear” territory as prices slipped below $104,000 on Tuesday. The latest reading from Alternative’s Crypto Fear & Greed Index shows a score of 21, reflecting a sharp downturn in investor confidence.

Bitcoin is currently priced at $103,803, marking a 3% decline in the past day, a 9% weekly drop, and a 16% fall over the past month. The pullback has erased most of October’s gains and cooled the excitement that followed the earlier surge above $110,000.

Related: Crypto Fear and Greed Index Drops as Market Sentiment Cools Near Bitcoin $121K

Whale Transfers Fuel Sell-Off Concerns

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