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Crypto Markets Dip Amid Extreme Fear Sentiment as Bitcoin, Ethereum Retreat

Crypto Markets Dip Amid Extreme Fear Sentiment as Bitcoin, Ethereum Retreat

Author:

Global Cryptocurrency

Published:

2026-01-23 06:03:02

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Global cryptocurrency markets slipped 0.8% to a $3.11 trillion capitalization, with trading volume hitting $105.5 billion. Bitcoin (BTC) dominance held firm at 57% despite a 0.44% drop to $89,572.51, while Ethereum (ETH) fell 2.19% to $2,954.02. LayerZero (LZ) defied the trend with a 15% surge, whereas PUMP plummeted 7%.

Altcoins showed divergent performance: XRP Ledger Ecosystem and Binance Buildkey TGE led gains, while fear sentiment gripped traders. 'Markets are pricing in regulatory uncertainty,' noted a CoinMarketCap analyst, as institutional flows slowed ahead of key macroeconomic data.

Exchange activity concentrated on Binance, Bybit, and Coinbase, with derivatives volume spiking 12% during the downturn. RollX (RLX) emerged as a dark horse, trending across Asian trading desks despite broader weakness.

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