• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

A Week of Decline on the Crypto Market: Opportunities for Reversal

user avatar

by Giorgi Kostiuk

3 months ago


In the past week, the cryptocurrency market showed a significant downturn, dropping by approximately 5.86%. This has sparked an increase in selling interest. Experts suggest that excessive bearish sentiment may signal a market reversal.

Crypto Market Performance: A Tough Week

On Monday, January 6, the crypto market reached a weekly peak of $3.54T. However, by Tuesday, January 7, it witnessed a severe single-day drop of 5.69%. By the second-to-last day of the week, the market had plummeted to a low of $3.16T. On Friday, January 10, attempts by buyers to push the prices higher resulted in only a 2.21% growth, far from the 11.07% needed to recover from the slump.

Rising Crypto Selling Interest

Reports indicate that the decline in the crypto market has triggered a sharp increase in selling interest among traders. Increased selling interest can exert strong downward pressure on crypto prices.

Bearish Sentiment and Historical Trends

During the Q4 bull rally, heightened bearish sentiment preceded price surges. Citing this historical trend, experts suggest that when sentiment becomes overly bearish, it often leads to potential rebounds. This indicates that there may be no reason to panic over the current market pessimism.

Despite a challenging week for crypto traders, the rise in bearish sentiment might signal a market rebound. Historical patterns show that extreme bearish sentiment can lead to significant price surges.

0

Share

Other news

Why Qubetics Leads the Crypto Presale Race

Crypto project Qubetics draws attention in presales with high investment and innovative tech. Learn what sets it apart in the crypto world.

user avatarGiorgi Kostiuk

7 minutes ago

Pi Coin: Price Drop and Community Reaction

Pi Coin drops to $0.70 due to token unlocks and low trading volume, raising community concerns.

user avatarGiorgi Kostiuk

7 minutes ago

Dogecoin: Will the Price Exceed $0.25 or Drop to $0.12?

Dogecoin community worried by market instability and declining investor confidence; key support and resistance levels at $0.18 and $0.25.

user avatarGiorgi Kostiuk

8 minutes ago

Crypto Market: Bitcoin's Growth and Altcoin Value Changes

Explore today's crypto market landscape with Bitcoin's rise and altcoin shifts amidst ongoing instability.

user avatarGiorgi Kostiuk

8 minutes ago

Calming the Kaspa Community: Analyzing the MEXC Situation

Kaspa withdrawal issues on MEXC: technical reasons and community response

user avatarGiorgi Kostiuk

8 minutes ago

Ethereum: Blob Fees Revenue Plunge Raises Concerns

Ethereum experiences a 95% cut in blob fees revenue, indicating economic challenges for the network post-Dencun upgrade.

user avatarGiorgi Kostiuk

8 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.