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Crypto market crash: Analysts predict a bull run similar to post-Covid

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Kyle Chasse, a popular market analyst on X, has advised investors not to panic over the latest crypto market crash.

Investors advised to stay calm despite the crypto market crash that saw over $1.07B assets liquidated in the last 24 hours.Chasse emphasized that investors shouldn’t be deterred from potential long-term gains since the market is only experiencing a bear trap and that today’s crash may have set the stage for the next upward movement.The recent crash marks one of the worst market days, with over $1 billion liquidated from cryptocurrencies in the past 24 hours.

The Fear & Greed index was at 26 at the time of writing, indicating that big institutions are likely to buy now, taking advantage of low prices and selling when market peaks. Lastly, the Federal Reserve is expected to cut interest rates in September, with a 93.5% chance according to Fedwatch.

 

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