Crypto Investors Suffer from Lingering Fears

The Situation at Hand

The drastic drop and decline that befell the digital asset market last few weeks have left a mark on the users and investors of crypto, with crypto coins and other assets experiencing their lowest of lows and even stablecoins being affected, it’s no surprise that both old and new investor is worried.

With Bitcoin dropping lower than the $30,000-dollar mark, to LUNA experiencing one of the worst drops in value it has ever experienced, several figures that are not pleasing to any investor are coming up, and it is no wonder there is a lingering fear around the crypto ecosystem.

It is even being compared to the previous headline crash that caused major panic in March 2020. The pandemic crash in 2020 is still one of the worst that has happened so far, but right behind it is the recent one that has left most investors worried and in fear.

Though the current situation is better than last week, there is still a lot of doubt and fear. Currently, the fear and greed index has stooped to new levels which the industry hasn’t experienced since March 2020.

It has dropped down to an 8 against 14 on Monday and 28 which it was on last month. Bitcoin is barely below the $30,000 price and the entire crypto market is barely above the $1.34 trillion mark.

Positive thinking

With all that is going on, Raoul Pal thinks that the recent happenings vary little from what was seen during the crash in 2020. He mentioned that the way the market crashed is almost similar to what is going on now.

He also shared his optimistic thought, as he said he expects the crypto giant Bitcoin to rise once again. During the last major crash, the market saw several investors panic-sell in fear of what could occur during the pandemic, which led to Bitcoin dropping by 45% in just a day.

Even with his claim, the reason why Bitcoin and the crypto market were able to make it out of the ditch they found themselves in was due to the amount of effort put in by the government to make sure it came back up.

Cryptos Next Move

Bitcoin is currently low on this week’s Relative Strength Indexes. We could see it stay at the bottom for a while but it normally doesn’t last more than a month or two.

Bitcoin going down to $20,000 is not totally ruled out, but accurately predicting the bottom price of an asset like Bitcoin is practically impossible, not even the best traders can boast of such.

Nonetheless, Bitcoin is still getting a surprising inflow since the crash.

Leave a Reply

Your email address will not be published.


What is Copy Trade and How It Works?

Copy Trade Intro Copy trade or copy trading is a type of trading in which one trader (the “follower”) automatically copies the trades of another trader (the “leader”). This is done through a copy trading platform, which connects the follower and leader and allows the follower to automatically copy the leader’s trades in real-time. How […]

Be The Bank Review, – Is BeTheBank Scam or a Good Broker?

Be The Bank Review Be The Bank Rating 4.7 Summary Read our Be The Bank review at FStar Capital Forex and Cryptocurrency Trading blog, find the answer to your question “is bethebank scam or legit” and much more! We have checked all the aspects of this broker and we recommend BeTheBank for online trading. It […]

AI Center Indicts ChatGPT Developer of Trade Law Violations: Claims Bias & Deception

The organization alleges that the creator of ChatGPT has violated Section 5 of the Federal Trade Commission Act with the release of GPT-4. This section of the act prohibits any practices or acts considered deceptive or unfair and that affect commerce. CAIDP has complained to the US Federal Trade Commission, intending to prevent the distribution […]

Investors Excited As XRP Market Capitalization Hits $20 Billion

It’s been wide jubilation today after XRP investors heard the announcement that the market capitalization has surged to $20 billion. XRP: a cryptocurrency developed and managed by Ripple, a San Francisco, United States, distributed data company. It was gathered that the coin itself responded to this development through a climb in price – it was […]

Belgium Regulator Sets To Impose New Crypto Ads Rules

The Belgium government has mandated that every firm offering crypto advertisements should register with it before launching any campaign. Henceforth, any crypto advertisement without the government’s backing would be treated as an offense with heavy consequences. According to the report, the Financial Services and Markets Authority (FSMA) of Belgium recently announced that every potential crypto […]