The crypto market is seeing another week in the red with Bitcoin, Ethereum, and larger cryptocurrencies trading to the downside over the past 7 days. The general sentiment in the market turns bearish as the nascent asset class completed a major milestone with “The Merge”.
At the time of writing, Bitcoin and Ethereum record a 15% and 21% loss in the last week. In the crypto top 10 by market cap, the second cryptocurrency shows the worst performance followed by Polkadot (DOT) and Solana (SOL) with around a 15% loss over the same period.
Crypto Market Takes Shelter From Ethereum Fallout
According to data from Arcane Research, the crypto market is moving in tandem with the previous September performance. This month has been historically bad for the nascent asset class and this year the trend will extend.
As seen in the chart below, Arcane Research’s Large, Mid, and Small-cap Indexes have experienced negative performance alongside Bitcoin. The number one cryptocurrency by market cap is...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...