Jatuh Cinta
Junior Member
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- May 30, 2022
- Messages
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Bitcoin was down 2.5% on Monday and, continuing its decline on Tuesday morning, was back at $20,000. Ethereum has lost 5.2% in the past 24 hours to $1090. Altcoins in the top 10 fell from 1.1% (XRP) to 5.2% (Solana).
Total cryptocurrency market capitalisation, according to CoinMarketCap, sank 2.6% overnight to $891bn. The Cryptocurrency Fear and Greed Index lost 6 points, dropping to 16, and has been cruising through “extreme fear” territory for over two months.
The rising dollar and a new wave of pressure on stock indices did not escape Bitcoin on Monday amid a renewed fall in stock indices. Market dynamics indicate that sellers have been taking a pause in an attempt to sell some assets at a higher price but remain the dominant force in the markets.
Investors are demonstrating a similar sentiment. More than 60% of major US crypto investors surveyed by Bloomberg MLIV Pulse expect bitcoin to fall to $10,000. If the collapse of the industry’s major projects results in significant losses for investors and causes a domino effect, the industry could face increased regulation.
Total cryptocurrency market capitalisation, according to CoinMarketCap, sank 2.6% overnight to $891bn. The Cryptocurrency Fear and Greed Index lost 6 points, dropping to 16, and has been cruising through “extreme fear” territory for over two months.
The rising dollar and a new wave of pressure on stock indices did not escape Bitcoin on Monday amid a renewed fall in stock indices. Market dynamics indicate that sellers have been taking a pause in an attempt to sell some assets at a higher price but remain the dominant force in the markets.
Investors are demonstrating a similar sentiment. More than 60% of major US crypto investors surveyed by Bloomberg MLIV Pulse expect bitcoin to fall to $10,000. If the collapse of the industry’s major projects results in significant losses for investors and causes a domino effect, the industry could face increased regulation.
