The situation was critical, as a catastrophic decrease between 15% to 25% in the value of altcoins might occur if Bitcoin were to reach the $19,500 threshold. Thus, causing yet another collapse of the crypto market.helped provide a better understanding of the current scenario. The data showed that there was a decline in the global crypto market capitalization over the last week.
At press time, it was just over $1.02 trillion. Though the market cap went down, altcoin’s market dominance increased, which can be attributed toSource: LunarCrush Another analysis from Santiment pointed out a similar negative trend in the crypto space. The report mentioned that there was a spike in negative sentiment around crypto on various social media platforms. Interestingly, the majority of the negative words on social media were coming from Twitter.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »