Investors in Panic: Capital Outflows

🌀Bitcoin (BTC) briefly dropped below $80,000 in the past 24 hours before recovering to $82,000. Its market dominance surged to 61.7%, the highest level in four years.

🌀The total crypto market capitalization fell 0.6% to $2.68 trillion. Ethereum (ETH) gained 0.7%, while XRP led the top-10 cryptos with a 2.4% increase. Meanwhile, Cardano (ADA) declined 1.5%.

🌀Investors resumed capital withdrawals from Bitcoin ETFs, with $143 million in outflows on March 13, bringing the net balance of funds to break-even for the year. The Fear and Greed Index dropped to 27/100, signaling rising panic in the market.