The cryptocurrency market is facing intense fear, uncertainty, and doubt (FUD), with sentiment around several top assets at extreme bearish levels.
Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Solana (SOL) have all suffered significant declines, pushing traders into panic mode, but history suggests a potential bottom may be near.
Bitcoin's price has fallen sharply from a high of $99,400 to $86,000, while Ethereum has fallen 25% this month, dropping below $2,400.
XRP is nearing its key support at $2, and Solana has been hit hard by whale sell-offs and may face more selling pressure due to a major token unlock on March 1.