As per data, the global crypto market cap was standing at $1.28 trillion at the time of writing this article, with experts saying that buyers are still on the bearish side.
Bitcoin price today was standing at $31,150.14 at the time of writing this article.
The market sentiment, however, continues to remain grim hovering in the “extreme fear” zone,” said the WazirX Trade desk.
The risk-off approach means that investors will stay away from high-risk investments at the moment,” said Darshan Bathija, CEO and co founder of Vauld.
“Ethereum against Bitcoin remained fairly neutral over the past week even though Bitcoin’s dominance index continued to reach new highs in over 7 months.