The crypto market is facing a significant sell-off, with Bitcoin prices nearing $80,000 and major tokens like Dogecoin and Cardano's ADA dropping nearly 10% in 24 hours. This downturn comes as the crypto fear and greed index has plummeted to a 17, indicating 'extreme fear' among investors, the lowest level since mid-2023. The decline has been exacerbated by a lack of impactful announcements from the recent White House Crypto Summit and ongoing global tariff conflicts. Traders are now in a wait-and-see position, monitoring macroeconomic data for potential cues on market positioning. Following initial optimism after President Trump's announcement of a strategic crypto reserve, expectations were not met, leading to substantial declines in several cryptocurrencies. Market sentiment remains cautious as traders anticipate potential interest rate cuts by the Federal Reserve, which may influence investment flows into riskier assets.

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