Is the Crypto Market Facing a Major Rebound or Further Decline?

The crypto market is currently facing significant turmoil, with Bitcoin recently falling below $90,000 and Ethereum dropping below $4,000. This downturn has led to a notable decline in the total market capitalization, which has decreased to $3.19 trillion, reflecting a 14% drop over the past month.

The Crypto Fear and Greed Index has plunged to 15, indicating a prevailing atmosphere of extreme fear among investors. Major cryptocurrencies, including XRP and Solana, are testing critical support levels amidst ongoing market volatility.

Analysts are divided, with some predicting a mid-cycle correction while others foresee a potential rebound to new highs by year's end. Factors such as Federal Reserve policies and liquidity constraints contribute to this uncertainty, prompting cautious trading behavior as investors assess the future of digital assets.