Why is the crypto market down today? (Jan. 26)
The crypto market was still reeling from losses on Monday as investors fled to gold amid fresh geopolitical and macroeconomic concerns that dampened investor appetite in the sector.
Summary
- Crypto market briefly lost the $3 trillion mark on Monday.
- Concerns over a potential U.S.-Canada trade war and another U.S. government shutdown have kept risk sentiment at bay.
According to data from crypto.news, the global crypto market fell below the $3 trillion mark for the first time since the beginning of the year, slumping nearly 3% as fresh macroeconomic and geopolitical factors spooked investors.
The Crypto Fear and Greed Index fell another five points to 20 on Monday,…
