Cryptocurrency markets witnessed a great deal of stagnation recently with Bitcoin (BTC) and Ethereum (ETH) failing to make any positive price movements. CoinMarketCap indicated that at press time, BTC was worth about $27,432.60, a 2.18% increase from the past 24 hours of trading yet still down from 2% from the weekly chart. ETH was also showing a 1.33% price increase and trading hands at $1,830.38, but also down a substantial 1.63% from the weekly chart.

The market intelligence platform, Santiment, voiced their opinion on the matter on Twitter earlier this morning. They found that investors and traders had grown impatient with the stagnation of the markets alongside an increase in social volume for stablecoins, indicative of a disinterest in speculative cryptos. Additionally, polarizing assets such as HEX and PEPE fell big, with PEPE experiencing a 10% decrease in price over the past day.

These conditions are showing cryptocurrency investors a level of uncertainty concerning their investments, which can lead to trading in a more conservative manner when making decisions. Despite these conditions, investors are still able to benefitby taking a more analytical approach when understanding the markets. Doing so can help traders find the right assets to invest in and make informed decisions before investing. Additionally, constant monitoring of the markets can help investors recognize any trends and be ready to act when the time is right.



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