The market data is provided by the HitBTC exchange. Panic has set in the cryptocurrency markets as investors dump their holdings at every opportune moment, fearing even larger losses.
Usually, such selling sprees end with a bottom formation. The current sentiment in the crypto space is exactly the opposite to what it was in December 2017.
At the peak of the prices, the belief was that the digital currencies will not fall and even if they do, they will bounce back sharply. Thus, the only logical thing to do was to buy them at the prevailing price or miss the boat.
Experts from the crypto industry also fuelled the expectations with their outlandish targets. Fast forward to today.
Most newbie traders who dreamt of big riches in crypto are instead left with huge losses. A return to the all-time highs is a goal that has almost been forgotten. Read more from cointelegraph.com…
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