Source: CoinSharesCoinShares head of research James Butterfill attributed this to “negative sentiment,” suggesting “capitulation” among investors.“Although this indicates a slowdown in the pace of outflows, investor sentiment remains bearish.”Additionally, the Crypto Fear & Greed Index plummeted to 10 on March 10, its lowest since July 2022, indicating “extreme fear.”The Crypto Fear & Greed Index.Source: Alternative.meTOTAL validates descending triangleFrom a technical perspective, today’s crypto market’s decline is part of a correction trend that saw TOTAL—the total market capitalization of all cryptocurrencies—drop below a descending triangle pattern.
Investors continue de-risking from crypto fundsThe crypto market’s ongoing correction aligns with the huge capital outflows from crypto investment products. Key takeaways:Digital asset investment products saw outflows for the fourth week in a row, totaling $876 million during the week ending March 7, as per CoinShares report.
Trump acknowledges short-term pain for economyPresident Trump’s recent statements have cast a shadow over the crypto market, tempering the enthusiasm that followed his pro-crypto rhetoric earlier in 2025. Key points:Bitcoin (BTC) declined 4% in the last 24 hours.Ether (ETH) is down 3.2% over the last 24 hours to trade just above $2,000.
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Author / Journalist: Cointelegraph by Nancy Lubale
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