{"id":499993,"date":"2022-08-25T17:00:22","date_gmt":"2022-08-25T17:00:22","guid":{"rendered":"https:\/\/uniquehot.com\/?p=499993"},"modified":"2024-06-11T14:23:00","modified_gmt":"2024-06-11T14:23:00","slug":"crypto-market-returns-plunges-into-the-negative-heres-why","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/crypto-market-returns-plunges-into-the-negative-heres-why\/","title":{"rendered":"Crypto Market Returns Plunges Into The Negative, Here\u2019s Why"},"content":{"rendered":"

The crypto market has seen its returns over the last month wiped away in a matter of days. While the market was pumping, cryptocurrencies in the space were returning double-digit gains, with the investor sentiment rapidly growing with it. However, with bitcoin\u2019s rejection at $25,000, the entire market had seen a swift downtrend. Now, investor sentiment has worsened, and the digital assets which had enjoyed the period of growth are now in the red.<\/p>\n

Crypto Indexes Lose Gained Value<\/h2>\n

Back at the beginning of August, when the crypto market was recovering, all indexes in the space had seen tremendous growth. The most prominent of these had been the gains that the small and Mid Cap indexes had returned. As expected, these highly volatile assets had swung high since crypto investors were gaining their risk appetite once more.<\/p>\n

Related Reading: Why Ethereum Is An Attractive Investment Right Now<\/a><\/h2>\n

However, as the month draws to an end and hype around the Ethereum Merge dies down, the market has swung back into the red. For last week, the Small Cap Index saw the most losses, which is expected in such a market. It is currently at -85 in returns for the month. The Mid and Large Cap Index also followed the same route with 8% losses.\u00a0<\/span><\/p>\n

Bitcoin was the only one out of the three that managed to hold a bit better to its value, although not by a very large margin. The pioneer digital asset recorded losses of 7% during the same time period, all of this a stark contrast to the 12% overall gains that were seen in the crypto market back in the middle of August.<\/p>\n

\"crypto<\/p>\n

Crypto market losses gains | Source: Arcane Research<\/a><\/pre>\n
What Is The Reason?<\/h2>\n
It is quite easy to see where the problem is coming from when one takes a look at the market at the beginning of August compared to now. Back then, investors began taking larger risks as prices recovered and more people became bullish.<\/p>\n
With the recent dump, investors have been burned and thus are less likely to take risks. There is also the fact that this reduced tendency to take risks also sent investors running to cover. So the market saw investors moving their funds out of volatile cryptocurrencies into more stable options.<\/p>\n
\"Crypto<\/p>\n
Total market cap at $1.022 trillion | Source: Crypto Total Market Cap on TradingView.com<\/a><\/pre>\n
The result of this was stablecoins stealing more market share from assets such as Ethereum. This was the same trend that was recorded back in July before the pump. However, one difference is there is less movement to Bitcoin than previously recorded.<\/p>\n
Related Reading: Crypto Market Sentiment Plunges To 1-Month Lows, What Lies Ahead?<\/a><\/strong><\/em><\/div>\n
Unless there is a significant boost in market sentiment, it is expected that this climate of bearish sentiment will continue. Nevertheless, stablecoins will remain winners in such markets, with USDT, USDC, and BUSD increasing their market share in the last week by 0.77%, 0.50%, and 0.32%, respectively.<\/p>\n
Featured image from Forkast News, charts from Arcane Research and TradingView.com<\/pre>\n
Follow <\/i><\/b>Best Owie on Twitter<\/i><\/b><\/a> for market insights, updates, and the occasional funny tweet\u2026<\/i><\/b><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"
The crypto market has seen its returns over the last month wiped away in a matter of days. While the market was pumping, cryptocurrencies in the space were returning double-digit gains, with the investor sentiment rapidly growing with it. However, with bitcoin\u2019s rejection at $25,000, the entire market had seen a swift downtrend. Now, investor sentiment has worsened, and the digital assets which had enjoyed the period of growth are now in the red. Crypto Indexes Lose Gained Value Back at the beginning of August, when the crypto market was recovering, all indexes in the space had seen tremendous growth. The most prominent of these had been the gains that the small and Mid Cap indexes had returned. As expected, these highly volatile assets had swung high since crypto investors were gaining their risk appetite once more. Related Reading: Why Ethereum Is An Attractive Investment Right Now However, as the month draws to an end and hype around the Ethereum Merge dies down, the market has swung back into the red. For last week, the Small Cap Index saw the most losses, which is expected in such a market. It is currently at -85 in returns for the month. The Mid and Large Cap Index also followed the same route with 8% losses.\u00a0 Bitcoin was the only one out of the three that managed to hold a bit better to its value, although not by a very large margin. The pioneer digital asset recorded losses of 7% during the same time period, all of this a stark contrast to the 12% overall gains that were seen in the crypto market back in the middle of August. Crypto market losses gains | Source: Arcane Research What Is The Reason? It is quite easy to see where the problem is coming from when one takes a look at the market at the beginning of August compared to now. Back then, investors began taking larger risks as prices recovered and more people became bullish. With the recent dump, investors have been burned and thus are less likely to take risks. There is also the fact that this reduced tendency to take risks also sent investors running to cover. So the market saw investors moving their funds out of volatile cryptocurrencies into more stable options. Total market cap at $1.022 trillion | Source: Crypto Total Market Cap on TradingView.com The result of this was stablecoins stealing more market share from assets such as Ethereum. This was the same trend that was recorded back in July before the pump. However, one difference is there is less movement to Bitcoin than previously recorded. Related Reading: Crypto Market Sentiment Plunges To 1-Month Lows, What Lies Ahead? Unless there is a significant boost in market sentiment, it is expected that this climate of bearish sentiment will continue. Nevertheless, stablecoins will remain winners in such markets, with USDT, USDC, and BUSD increasing their market share in the last week by 0.77%, 0.50%, and 0.32%, respectively. Featured image from Forkast News, charts from Arcane Research and TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet\u2026<\/p>\n","protected":false},"author":541,"featured_media":499998,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,83386,3],"tags":[6664,10923,86676,84780,1557,1558,83892],"class_list":["post-499993","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-crypto","category-news","tag-crypto","tag-crypto-market","tag-crypto-market-profits","tag-crypto-profits","tag-cryptocurrencies","tag-cryptocurrency","tag-cryptos"],"acf":[],"yoast_head":"\nCrypto Market Returns Plunges Into The Negative, Here\u2019s Why<\/title>\n<meta name=\"description\" content=\"The crypto market has seen its returns over the last month wiped away in a matter of days. 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With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/uniquehot.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Crypto Market Returns Plunges Into The Negative, Here\u2019s Why","url":"http:\/\/uniquehot.com\/news\/crypto-market-returns-plunges-into-the-negative-heres-why\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/crypto-market-returns-plunges-into-the-negative-heres-why\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/08\/crypto-market.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/08\/crypto-market.jpeg?fit=1260%2C840"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["crypto","crypto market","crypto market profits","crypto profits","cryptocurrencies","cryptocurrency","cryptos"],"dateCreated":"2022-08-25T17:00:22Z","datePublished":"2022-08-25T17:00:22Z","dateModified":"2024-06-11T14:23:00Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto Market Returns Plunges Into The Negative, Here\\u2019s Why\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/crypto-market-returns-plunges-into-the-negative-heres-why\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/crypto-market-returns-plunges-into-the-negative-heres-why\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/crypto-market.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/crypto-market.jpeg?fit=1260%2C840\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"crypto\",\"crypto market\",\"crypto market profits\",\"crypto profits\",\"cryptocurrencies\",\"cryptocurrency\",\"cryptos\"],\"dateCreated\":\"2022-08-25T17:00:22Z\",\"datePublished\":\"2022-08-25T17:00:22Z\",\"dateModified\":\"2024-06-11T14:23:00Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/08\/crypto-market.jpeg?fit=1260%2C840","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/499993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=499993"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/499993\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/499998"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=499993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=499993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=499993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}