{"id":499300,"date":"2022-08-19T23:00:33","date_gmt":"2022-08-19T23:00:33","guid":{"rendered":"https:\/\/wncen.com\/?p=499300"},"modified":"2024-06-11T14:22:45","modified_gmt":"2024-06-11T14:22:45","slug":"investor-sentiment-falls-as-crypto-market-sheds-100-billion","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/investor-sentiment-falls-as-crypto-market-sheds-100-billion\/","title":{"rendered":"Investor Sentiment Falls As Crypto Market Sheds $100 Billion"},"content":{"rendered":"
The crypto market has now been put under another challenge. In the past day, bitcoin prices have dropped about $2,000, which has seen the crypto market lose a significant amount of value. As it now stands, the crypto market cap is down more than $100 billion and is now dangerously close to falling below $1 trillion once more. This has expectedly affected the market sentiment, triggering more fear in the market.<\/p>\n
Market Turns To Fear<\/h2>\n
The crypto market had been seeing some recovery with the anticipation around the Ethereum Merge. But as the excitement has worn off, the market has started to see a drastic correction in price. Bitcoin had hit $25,000 at its peak this last recovery cycle. However, it has since shed the majority of those gains.<\/p>\n