Gate News bot message, cryptocurrency markets are showing a slight rebound today following multiple days of downward pressure. Bitcoin trades at $86,999, up 0.8%, while Ethereum reaches $2,842, gaining 0.6%. The Fear and Greed Index stands at 19, indicating Extreme Fear in the market. The total cryptocurrency market capitalization registers at $3.14T, with $209M in liquidations recorded. The bounce coincides with oversold RSI readings and increased expectations for a Federal Reserve rate cut in December.
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Crypto Markets Show Modest Recovery Amid Extreme Fear Sentiment
Gate News bot message, cryptocurrency markets are showing a slight rebound today following multiple days of downward pressure. Bitcoin trades at $86,999, up 0.8%, while Ethereum reaches $2,842, gaining 0.6%. The Fear and Greed Index stands at 19, indicating Extreme Fear in the market. The total cryptocurrency market capitalization registers at $3.14T, with $209M in liquidations recorded. The bounce coincides with oversold RSI readings and increased expectations for a Federal Reserve rate cut in December.