Crypto investor sentiment has sharply declined, entering the 'Extreme Fear' zone, in light of recent market developments.
BitMEX co-founder Arthur Hayes has forecasted that Bitcoin's price will dip below $50,000, a significant downturn, following the latest US jobs data.
This prediction has further fueled investor anxiety, contributing to the negative sentiment surrounding the cryptocurrency market.
The situation underscores the volatility and sensitivity of the crypto market to macroeconomic indicators.
