Inflation concerns and a general sense of trepidation about the future of the global economy continue to put a damper on and altcoin prices and currently the Crypto Fear and Greed index is solidly in the ‘fear’ zone where it has been parked since the beginning of December.

The market prices did not rise much after the FOMC meeting, where Fed Chair Jerome Powell was elected. Indicated that interest rates would stay lowThe crypto market’s overall sentiment is still waning, which could indicate that the year 2021 may end in a bearish tone.