How is the Crypto Market Performing?

The cryptocurrency market is experiencing a downfall, it can be because of the approximately $9 billion BTC being transferred from Mt. Gox’s cold wallet to an unknown address. It likely went through thirteen transactions, raising dump fear in the market. Another reason could be that the spot bitcoin ETF inflows are falling again.

The cryptocurrency market is exhibiting significant volatility, with prices fluctuating unpredictably. Currently, there is a downturn after Bitcoin surpassed its all-time high multiple times in March. The Dencun upgrade and Bitcoin halving did not bring the surge that the market anticipated. Also, as people expected, the latest U.S. SEC approval over the ETH ETFs has not brought any rise in the crypto world. As of the latest update, the Fear and Greed index stands at 61, indicating a greed state.