Crypto Market Slides Broadly as Fear Sentiment Grips Traders

Almost every major cryptocurrency fell over the past 24 hours, with Ethereum dropping the most at nearly 5% and Bitcoin slipping close to 3% — pulling the total crypto market cap to around $2.25 trillion. When Bitcoin falls, it often drags most other coins down with it, since it makes up over 56% of the entire market (this is called "BTC dominance"). The Fear & Greed Index sitting at 27 ("Fear") tells us that, right now, many market participants are feeling cautious — this index measures overall sentiment based on things like price movement, trading volume, and social media activity.