Bitcoin Nosedives To $34K As Fear And Greed Index Registers Extreme Fear
Bitcoin is currently experiencing its longest losing streak to date, with six consecutive weeks of losses.
This losing streak is likely to portend further losses for the cryptocurrency, according to analysts.
The recent downturn in the Bitcoin market is thought to have been caused by whales selling their holdings.
Investors are panicking due to the prospect of rising interest rates and sluggish economic growth.
The Fear and Greed Index is currently at its lowest level since late January, signalling extreme fear among investors.
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