Markets News COINTELEGRAPH IN YOUR SOCIAL FEEDIndex slipped deeper into “Extreme Fear,” reaching a score of 10.

Bitcoin falls under $85,000

That’s its lowest level since June 2022, when crypto hedge fund Three Arrows Capital (3AC) started to see its downfall — and just a month after the collapse of Terraform Labs’ Terra (LUNC) and TerraClassicUSD (USTC) tokens, along with crypto lender Celsius pausing all user withdrawals just weeks after its native token Celsius (CEL) dropped 90%.

While there were no major crypto collapses ahead of the sentiment plunge on Feb. 26, many observers have blamed heightened macroeconomic uncertainty.

The sentiment indicator first entered the “Extreme Greed” territory the day prior, on Feb. 25. That’s when Bitcoin (BTC) dropped below $90,000 for the first time since November, after US

Keep reading this article on Cointelegraph.com.

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