The crypto market experienced unexpected bearish pressure on Monday following several days of an uptrend that saw Bitcoin surpass the $60,000 mark.
Bitcoin's price fell to $57,500, which pushed the market's fear and greed index back into the fear mode, a stark shift from the previous day when it had reached neutral.
The market sentiment remains cautious as investors are eagerly awaiting the Federal Reserve's upcoming decision, which could significantly influence price movements.
