The global economy continues to be hampered by inflation concerns and general trepidation regarding its future.BTC) and altcoin prices, and currently, the Crypto Fear & Greed Index is solidly in the “fear” zone where it has been parked since the beginning of December.

Even though there was a brief uptick in market prices following the Federal Open Market Committee meeting at which Fed Chair Jerome Powell addressed the committee, it did not last long. It was indicated that interest rates would not rise.The crypto market’s overall sentiment is still waning, which could indicate that the year 2021 may end in a bearish tone.