• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
No Result
View All Result
Breaking News: Breaking: CoWSwap Loses $150,000 In Exploit
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Breaking: CoWSwap Loses $150,000 In Exploit
Crypto market profit

Crypto Market Returns Plunges Into The Negative, Here’s Why

Best Owie by Best Owie
6 months ago
in Bitcoin, Crypto
Reading Time: 3 mins read
Advertisement

The crypto market has seen its returns over the last month wiped away in a matter of days. While the market was pumping, cryptocurrencies in the space were returning double-digit gains, with the investor sentiment rapidly growing with it. However, with bitcoin’s rejection at $25,000, the entire market had seen a swift downtrend. Now, investor sentiment has worsened, and the digital assets which had enjoyed the period of growth are now in the red.

Crypto Indexes Lose Gained Value

Back at the beginning of August, when the crypto market was recovering, all indexes in the space had seen tremendous growth. The most prominent of these had been the gains that the small and Mid Cap indexes had returned. As expected, these highly volatile assets had swung high since crypto investors were gaining their risk appetite once more.

Related Reading: Why Ethereum Is An Attractive Investment Right Now

However, as the month draws to an end and hype around the Ethereum Merge dies down, the market has swung back into the red. For last week, the Small Cap Index saw the most losses, which is expected in such a market. It is currently at -85 in returns for the month. The Mid and Large Cap Index also followed the same route with 8% losses. 

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

Bitcoin was the only one out of the three that managed to hold a bit better to its value, although not by a very large margin. The pioneer digital asset recorded losses of 7% during the same time period, all of this a stark contrast to the 12% overall gains that were seen in the crypto market back in the middle of August.

crypto market profits

Crypto market losses gains | Source: Arcane Research

What Is The Reason?

It is quite easy to see where the problem is coming from when one takes a look at the market at the beginning of August compared to now. Back then, investors began taking larger risks as prices recovered and more people became bullish.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

With the recent dump, investors have been burned and thus are less likely to take risks. There is also the fact that this reduced tendency to take risks also sent investors running to cover. So the market saw investors moving their funds out of volatile cryptocurrencies into more stable options.

Crypto total market cap chart from TradingView.com

Total market cap at $1.022 trillion | Source: Crypto Total Market Cap on TradingView.com

The result of this was stablecoins stealing more market share from assets such as Ethereum. This was the same trend that was recorded back in July before the pump. However, one difference is there is less movement to Bitcoin than previously recorded.

Related Reading: Crypto Market Sentiment Plunges To 1-Month Lows, What Lies Ahead?

Unless there is a significant boost in market sentiment, it is expected that this climate of bearish sentiment will continue. Nevertheless, stablecoins will remain winners in such markets, with USDT, USDC, and BUSD increasing their market share in the last week by 0.77%, 0.50%, and 0.32%, respectively.

Featured image from Forkast News, charts from Arcane Research and TradingView.com

Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…

Tags: cryptocrypto marketcrypto market profitsCrypto Profitscryptocurrenciescryptocurrencycryptos
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Best Owie

Best Owie

Related Posts

This Bitcoin On-Chain Metric Is At A Historical Resistance, Will BTC Decline?

This Bitcoin On-Chain Metric Is At A Historical Resistance, Will BTC Decline?

1 hour ago
Hacking CoWSwap

Breaking: CoWSwap Loses $150,000 In Exploit

6 hours ago
Bitcoin

Bitcoin Small Addresses Have Been Rapidly Growing, Here’s What It Means

16 hours ago
Bitcoin Network

Craig Wright Wants His $2.5 Billion, Demanding For a Bitcoin Hard Fork

3 days ago
Bitcoin

Don’t Get Too Greedy On Bitcoin, Analyst Suggests, Here’s Why

4 days ago
bitcoin price bear

Will Bitcoin Price Return To $20,000? Here’s What Investors Expect

4 days ago

Premium Partners

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Metaspins

Metaspins

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
Coinplay

Coinplay

Review · Visit
mBit

mBit

Review · Visit
Vave

Vave

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
Coinplay

Coinplay

Review · Visit

ALTCOIN DAILY TO PRODUCE AND STAR IN NEW “SHARK TANK OF CRYPTO” TV SHOW, KILLER WHALES

February 7, 2023

SinVerse Studios Announces $1 Million Buyback Program for the SIN token

February 7, 2023

Join the Revolution: Invest in STARSTAKING for 25% APY and the Chance to Win Big with the DeFi Lottery Program

February 7, 2023

The Top Gaming Crypto Coins To Buy In February 2023

February 7, 2023

Rich Dad, Poor Dad Author Invests In Crypto. Here’s Why He’d Consider Snowfall Protocol (SNW) and Decentraland (MANA), In Addition to Bitcoin (BTC)

February 7, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.