The cryptocurrency market maintained a $3.35 trillion capitalization despite extreme fear and institutional outflows. The Fear and Greed Index hit 10, the lowest level in years. US Bitcoin spot ETFs suffered heavy losses.
US Bitcoin spot ETFs saw $1.112 billion in outflows from Nov. 10-14, with withdrawals peaking at $866.7 million on Nov. 13. The Crypto Fear and Greed Index dropped to 10, measuring extreme fear based on market sentiment metrics.
Altcoin relative profits hit 5% of supply in profit, a historic divergence from Bitcoin. The global crypto market cap reached $3.35 trillion, with a 24-hour volume of $204.96 billion. Bitcoin dominance stood at 57.2%, with a 1.3% gain despite negative sentiment.
The fear level nears March 2020 COVID crash readings. Privacy-focused cryptos like Zcash, Litecoin, and Monero rallied amidst uncertainty. Ethereum spot ETFs recorded $728.3 million in outflows, while Solana spot ETFs saw $46.4 million in inflows.
Privacy coins surged as the market held $3.35 trillion despite $1.8 billion in ETF outflows and extreme fear. Solana spot ETFs saw inflows, and real-world assets like Internet Computer and Filecoin showed strength.
Read more at Yahoo Finance: Crypto Market Holds $3.35T Despite $1.8B Weekly ETF Outflows and Extreme Fear
