The Fear and Greed index is at 28 today, showing the market is firmly in fear territory. Total market capitalization fell 2.9% to 2.46 trillion dollars. While $BTC stayed relatively flat with a 0.30% dip to $73,552, $ETH dropped 0.90% to $2,047. Bitcoin dominance remains high at 59.87% while total value locked in decentralized finance grew slightly by 0.5% to 77.7 billion dollars.
My read: The gap between the total market cap drop and the minor bitcoin move shows liquidity is exiting altcoins much faster than the majors.
Did you rebalance into larger caps today or are you holding your smaller positions through the fear?
#MarketUpdate #CanNvidiaEarningsEaseMarketConcerns?
My read: The gap between the total market cap drop and the minor bitcoin move shows liquidity is exiting altcoins much faster than the majors.
Did you rebalance into larger caps today or are you holding your smaller positions through the fear?
#MarketUpdate #CanNvidiaEarningsEaseMarketConcerns?
