The crypto market continued to slide on Tuesday, with Bitcoin falling below $83,000 for the first time in weeks. After briefly touching $82,000, BTC rebounded slightly to $82,600, but the pressure remains. The market is showing no clear signs of recovery, and the mood has shifted sharply into fear.
Ethereum also dropped, falling below the $2,800 level, while Solana is now hovering near $115 – a key support area. BNB is holding at $840, and XRP trades at $1.75, both down from recent highs.
Read also: Solana Slides to Critical Support: Can It Hold the Line at $115?
Sentiment Hits Extreme Fear
The widely watched Crypto Fear and Greed Index dropped to 16 – its lowest level of the year and the weakest reading in over a month. While sentiment has been fragile for months, mostly sitting in the “fear” zone with just one positive stretch in January, this latest crash in the index confirms what price action is already signaling: investors are scared.
CoinMarketCap’s sentiment index also shows fear, though with a slightly higher score of 28. Still, both readings paint the same picture – confidence is slipping fast.
Read also: How To Use Crypto Fear and Greed Index To Your Advantage?
Crypto Stocks Feel the Impact
The selloff has also hit companies with heavy exposure to crypto. MicroStrategy dropped over 9% on Monday, closing at its lowest level in 16 months. Bitmine was down nearly 10%, extending recent losses.
Despite the downturn, neither company has announced changes to their crypto accumulation strategies. MicroStrategy, in particular, continues to hold a large Bitcoin treasury. While further price drops could eventually force limited selling to maintain liquidity, current reserves remain strong, and there’s no immediate risk of a strategy reversal.
Read also: Will Strategy Be Forced to Sell Its Bitcoin? It’s Too Early to Panic
