Article Summary

The cryptocurrency market faces mounting pressure as the Fear and Greed Index plummets to multi-month lows, signaling potential end to the recent bull run. Bitcoin (BTC) breached critical support at $104,000 for the first time since June, triggering widespread concern among crypto investors and blockchain enthusiasts. This dramatic price movement has sent shockwaves through the cryptocurrency ecosystem, with altcoins following Bitcoin's bearish trajectory. The Fear and Greed Index, a key market sentiment indicator, reflects growing pessimism as traders reassess their positions amid volatile market conditions. Market analysts are closely monitoring Bitcoin's technical levels, as breaking below $104,000 could signal further downside potential for the world's largest cryptocurrency. The broader crypto market, including DeFi tokens and major altcoins, continues to experience selling pressure as investors weigh macroeconomic factors and regulatory developments. This market downturn raises questions about the sustainability of recent gains and whether the cryptocurrency bull market has reached its peak. Traders and institutional investors are advised to monitor key support levels and market sentiment indicators for potential recovery signals.