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Crypto data provider Alternative's self-estimated “Fear-Greed Index” fell two points from the previous day to 27. The fear phase persisted as sentiment worsened. The index indicates extreme fear in the market, with readings closer to zero indicating extreme fear, and readings closer to 100 indicating extreme optimism. The

According to Cointelegraph, an anonymous crypto analyst named Trader Tardigrade, who has around 53,000 followers on X (formerly Twitter), has diagnosed that "the BTC/USD 2-week chart is showing a pattern similar to the pre-bull market pattern seen in 2019-2020." "On that chart, the recent BTC

BTC could fall to $52,000 amid recession fears and deteriorating sentiment among futures traders, according to Cointelegraph. "Earlier, JPMorgan raised the probability of a US recession to 35% from 25%, while FOMC member Michelle Bowman said a September rate cut is unlikely due to still high inflation risks