The lowest sentiment is the best moment to buy Crypto. Cryptocurrency market stabilize during Wednesday. But by the end of the day, a fresh round of selloffs started, bringing it down to $2.75 trillion, its lowest level since early November. Attempts to stabilize the market tried once more in the morning. Both rapid position liquidation and interest in purchasing on dips were indicated by the higher volumes. That accompanied greater trading activity.
The worry and Greed Index, which was last measure in June 2022. Dropped to 10, a sign of intense worry. In its seven-year history, the index has only experienced 19 days below this level. Experience trading other markets indicates that this may be far from a lower price point. Even though the indication is suppose to be a solid buy point.
The lowest sentiment is the best moment to buy Crypto. Although it was close to $82,000 and reaching its 200-day moving average the night before, Bitcoin is currently trading at about $86,000. The market is currently attempting to ascertain the decline’s endpoint after the consolidation pattern was disrupt earlier in the week.
Surprisingly, despite the sharp drop over the week, the biggest altcoins stayed inside the range set the day before.
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QCP Capital claims that the demand for Bitcoin from institutional investors has peaked. With the Trump administration’s decision to limit Chinese companies’ participation in the U.S. economy and apply levies on commodities from Canada and Mexico, the market will remain in a state of high uncertainty for a few more weeks.
Investor caution increase open interest in Ethereum options contracts with a $2000 strike. Simultaneously, when market participants lowered their expectations of a breakout, CF Benchmarks observed a rotation out of calls.
The Argentine newspaper La Nacion claims that the US Department of Justice has opened an investigation on Argentine President Javier Miley’s involvement in LIBRA promotion.
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