The cryptocurrency market is exposed to more losses as the world’s leading cryptocurrency Bitcoin and other digital assets have started to fall back in the bearish zone.
Some digital coins have recorded bad performance in the crypto market. The leading crypto asset Bitcoin went down at $7300 level and it is the lowest trading level of the coin since 4th Dec 2019. Not only Bitcoin have shown such a bearish performance, other coins such as Binance coin, Ethereum, Ripple, and Litecoin also could not lift them up.
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The whole market cap looks bearish
The Crypto market faces further losses since it has fallen down from the level of $211 billion. And the total market cap looks bearish on the chart and this bearish trend is increasing.
The above chart shows that the bearish pattern is forming for the crypto market. It is expected that if the whole crypto market falls from the level of $187 billion then it can go at the $180 billion figure or even it can go further below this level.
The overall sentiment toward the crypto market is still bullish according to the data of “The Tie”. The overall sentiment is bullish at 63%. Among the top ten, the highest and strongest sentiment is shown by Bitcoin SV that is at 63% while the lowest sentiment is 35% which is shown by Binance coin.
The total market cap at the time of writing is standing at $198,921,254,296.
Bitcoin again falls back
The world’s leading crypto asset Bitcoin has again fallen back below the key level of $7500 after trading bullish for a while. The price value of the coin has decreased down from the $7.6k level.
Bitcoin may see further losses from its current trading level and the important level that can support the leading digital currency are $7K, $6,8K and $6,6K.
At the time of writing, the price value of the coin is trading at $7,318.37 USD.