Bitcoin’s price fell below a critical support level, and the index reflecting market sentiment hit a new low of 22 percent. This extreme fear among investors suggests a possible increase in crypto selloffs and raises questions about the short-term future of Bitcoin and the broader cryptocurrency market.

Current Bitcoin Price Trends

As of Friday morning in Asia, Bitcoin (BTC) traded at approximately $56,786, marking a drop of over 4 percent from earlier in the week.&middot

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