When Will the Crypto Market Rise Again?

In the last seven days, the total market cap of the cryptocurrency market has seen a drop of approximately 5.86%. The drop has sparked a rise in selling interest in the crypto community. Meanwhile, citing the Q4 bull rally, experts suggest that when market sentiment becomes overly bearish, it often signals a reversal. Let’s explore how bearish sentiment could set the stage for a bullish turnaround! Ready?

Crypto Market Performance: A Tough Week for Traders 

On Monday, January 6, the crypto market touched a weekly peak of $3.54T. On Tuesday, January 7, the market witnessed a severe single-day drop of 5.69%. On the second-to-last day of the week, the market plummeted to a low of $3.16T. On Friday, January 10, though buyers attempted to…

Source link