Crypto Sector Shows Continuous Bearish Outlook Driven by Fear

The crypto market has been going through a significant bearish momentum this weekend. In this respect, the cumulative crypto market capitalization has reached $3.77T; however, despite maintaining the valuation of trillions, it has plunged by 0.29%. In addition to this, the 24-hour crypto volume has slumped by 44.17%, reaching the $97.59B mark. At the same time, the Crypto Fear & Greed Index has dropped to the “Fear” zone, accounting for 34 points.