This week also the Bitcoin and krypton market did not do well and currently if you look at the overall market sentiments then it is showing as neutral. In any market fear and greed index is an important matric to measure the market sentiments and currently these sentiment says that market is in neutral state which means people are not interested by more and at the same time they are also not selling of.
This is a kind of stable situation when something big is expected to happen in the market and for that reason be blood trying to keep an eye on the market to track its position and also to see if they are getting some opportunities to buy or sell depending upon which side the market goes.
The market cap is more than three trillion dollars as of now which is a certainly Bega amount in overall Crypto market but allowed of people are asking about the alt coin rally which has not even started yet. Some people think that this time the all trally is not going to happen and Bitcoin will only lead the market but I don't agree with this because sooner a letter this will happen however depending up on the over all coins there be some limited number of coins where we can see a significant growth.
The reason why it is expected to happen because there are so many coins available in the market and that is why it is hard to say which one will do great and which one will not since the quantity of coins has increased drastically where a lot of people are still changing meme coins.
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Upvoted! Thank you for supporting witness @jswit.
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Tasks done-
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No alter valley and no bull run. It's neutral quiet.
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Absolutely right 👍
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I really liked this point, as the number of tokens is increasing, the investor sentiment is also getting divided and for an upmove in any asset, a large number of buyers' dominance is required which are divided to some extent for now and maybe that's why the market is becoming neutral.
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This is what I would say about market sentiment being neutral, it's true.
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You're right
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Hi, it's great that BTC's market cap has reached 3 trillion, nice progress my friend.👍👍👍
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