The price of Bitcoin has recently fallen below the $65,000 mark, indicating a significant selloff in the cryptocurrency market. This decline is attributed to various factors, including institutional outflows and a lack of volatility.
Market data shows that the Fear and Greed Index remains low, stuck in the 20s, which suggests a prevailing sense of fear among investors. This sentiment is likely contributing to the downward pressure on Bitcoin's price.
In contrast, the Pepeto presale has gained considerable traction, raising over $10.4 million. This success highlights investor interest in new projects despite the current market challenges.