The sales wave in the crypto currency market negatively affected the mood of investors. The fear and greed index declined to 25 levels, reaching the lowest value of the last five months. Bitcoin $88,007.81 And the loss of value of more than 14 percent in leading Altcoins increased market uncertainty. At the same time, the fact that more than one billion dollars out of the Bitcoin ETFs created question marks on the course of the market.
Market data are concerned
The total value of the crypto currency market fell by 10 percent in the last 24 hours. Large -volume assets such as Bitcoin, Solana and XRP adversely affected investor sensitivity by experiencing harsh decreases. This increased the risk perception of investors and triggered the wave of fear throughout the market.
The negative weather in the market also affected other financial assets. The sales pressure in technology shares and the decrease in NASDAQ futures transactions were encouraged to avoid risk. Japanese new’s power in foreign exchange markets has shown that investors are looking for a safe harbor.
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Similar trends in August match the current situation with past market movements. At that time, there was a significant panic atmosphere in the markets, but then recovery was seen.
Investors are waiting for recovery
The index, which measures investor sensitivity, has a scale between 0 and 100. The index decreased to 25, indicates that fear is dominant in the market. The index, which was previously at similar levels, entered the recovery process after harsh fluctuations in the market.
Analysts say that existing market conditions can offer short -term purchase opportunities. Technical indicators show that the market may be over -sold and that it is possible to recover from here.
The weakness in economic data may cause central banks to adopt more loose monetary policies. While the uncertainty about interest rates in the USA continues, the market is thought to be positively affected in the long run.
In recent weeks, the funding outputs from Bitcoin ETFs have also reached remarkable dimensions. Investors, while evaluating these developments, different opinions about the recovery of the market are expressed.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
