Crypto Market Update: Sentiments Remain in “Fear” as Traders Go Short After the ‘Buy the Dip’ Opportunity – Investing.com India

Crypto Market Update: Sentiments Remain in “Fear” as Traders Go Short After the ‘Buy the Dip’ Opportunity – Investing.com India

The crypto market hasn’t recovered from Tuesday’s flash crash yet, with still trading under $46,000 and Ether below $3,400. The total cryptocurrency market cap is also currently below $2.2 trillion.

This drop-in crypto prices, so soon after the May crash from which the market only started to recover on July 21st, has the market sentiments turning back to “fear.”

The Crypt Fear and Greed Index is currently giving a reading of 31, down from 79 in late August but up from a reading of 10 in late June.