The prices of different cryptos have been going down again, and despite hopes that the rebounds would lead into sustainable growth, various cryptos continue struggling following BTC downward trajectory. Every time Bitcoin tries to stabilize, another wave of selling pressure seems to hit the

February 24 News, Bitcoin continues to be under pressure amid market "extreme panic" sentiment, with the price once dropping to around $62,700. It then rebounded slightly above $63,000, with a 24-hour decline of over 3%. The overall crypto market also weakened, with the total market capitalization of digital assets falling back to approximately $2.25 trillion. Meanwhile, mainstream assets such as Ethereum, XRP, and Solana have all experienced varying degrees of correction, indicating a significant cooling of risk appetite. Presto Research analyst Min Jung pointed out that this recent drop below $63,000 for Bitcoin reflects more of a deterioration in market sentiment rather than a single fundamental change. Macroeconomic uncertainties regarding tariffs and rising geopolitical risks have led funds to shift toward safe-haven assets, weakening short-term demand elasticity for crypto assets. The Fear and Greed Index has fallen to 5, in the extreme pessimistic range in history, indicating that market sentiment is approaching a temporary bottom.