The crypto market has lost its momentum yet again after the relief rally diminished over the weekend. One of the major reasons for this fall is the increasing market FUD for the Fed’s meeting.A sentimental shakedown
The bears were in full control over the weekend and pushed down the asset. But 25 July saw a major dip as Bitcoin crashed below $22,000. The next day registered a similar pull down with Bitcoin going down the $21,000 mark. But it reacted positively to this fall and at press time, it was trading at $21,322. In this regard, analytical firm Glassnode“Momentum in the short-term suggests continuation of the upswing, provided the Realized Price and Long Term Holder Realized Price can hold as a support level. On the long-term, momentum suggests the worst of the capitulation could be over, however a longer recovery time may be required as foundational repair continues.