Crypto Blog
Bitcoin prices dumped almost $4,000 in less than 24 hours following an Iranian missile strike on Israel late on Oct. 1.BTC has since recovered to around $61,700 during Wednesday morning trading in Asia, but it remains down 3% on the day.Market sentiment has rapidly changed from ‘greed’ a few days ago back to ‘fear’ today, according to the Bitcoin Fear and Greed Index.However, this is nothing new, and the panic sell-off is largely irrational behavior.
Ethereum fell almost 8%, dropping to $2,450, before recovering marginally during Asian trading on Wednesday. As usual, the altcoins were bleeding out even more, with heavier losses for Dogecoin , Toncoin , Avalanche , Shiba Inu , In other words, it is the same old story for crypto and the same panicking from those with little conviction in the asset class.Sign-up FREE to receive our extended weekly market update and coin analysis report
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