Negative sentiments grip crypto market as investor confidence wanes

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Legal battles and plunging prices send market sentiment spiraling while declining market cap ignites fears of further downturns.

currently had the least negative sentiment as of this writing. Previously, Ripple exhibited a certain level of detachment from the general market trend, but the sentiment seems to have caught up with it., it becomes evident that despite the decrease in the value of various crypto assets, the overall crypto market cap remained above the $1 trillion mark. However, upon closer examination of the chart, it becomes apparent that there has been a decline in the general market cap.

This decline signified that the negative sentiment in the market was gradually impacting prices. Furthermore, if this negative sentiment persists, further price declines can be witnessed.While the current price decline may appear as an opportune moment to “buy the dip,” it is essential to exercise caution. It could swiftly become risky if prices continue to plummet uncontrollably, akin to catching a falling knife.

 

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