{"id":1437,"date":"2021-09-13T09:23:59","date_gmt":"2021-09-13T08:23:59","guid":{"rendered":"https:\/\/tradersofcrypto.com\/news\/?p=1437"},"modified":"2021-09-13T09:23:59","modified_gmt":"2021-09-13T08:23:59","slug":"bitcoin-btc-turns-red-sentiment-shifts-to-fear","status":"publish","type":"post","link":"https:\/\/tradersofcrypto.com\/news\/bitcoin-btc-turns-red-sentiment-shifts-to-fear\/","title":{"rendered":"Bitcoin (BTC) Turns Red, Sentiment Shifts to Fear"},"content":{"rendered":"\n

Bitcoin (BTC) broke below $45,000, putting a stop to its recent tentative recovery<\/a>, which only regained the $52,000 range. The recent trading activity happened on volumes around $29B in the past 24 hours, within the usual trading activity for the past few weeks.\u00a0<\/p>\n\n\n\n

BTC also broke the trend of rising on weekends, and instead started erasing some of its gains. BTC traded at $44,885.99 on Monday, extending the slide from Asian trading. The current slide has been less dramatic than last week\u2019s BTC flash crash<\/a>, which pushed the asset down to $42,000 before it recovered.\u00a0<\/p>\n\n\n\n

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The BTC market cap dominance is at 40.8%, a level not seen since late 2018. At the same time, the dominance of Ethereum (ETH) and its ecosystem of projects has expanded, to make up nearly 40% of the entire market capitalization for digital assets. <\/p>\n\n\n\n

The market cap of BTC stands at above $825B. But the Ethereum and alternative blockchain ecosystems are chipping away at that value, already locking in a rough estimate of $130B in DeFi projects<\/a>, lending schemes and decentralized trading.<\/p>\n\n\n\n

Is the Yearly Trend Still Intact<\/strong><\/h3>\n\n\n\n

One of the chief expectations for BTC is to regain its all-time high, and possibly achieve the $100,000 landmark within the coming months. The BTC price is volatile, and the possibility is not excluded. <\/p>\n\n\n\n

The recent flash crash arrived with massive selling, but for some, this was a temporary event and the markets would recover. <\/p>\n\n\n\n

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Someone dumped about $100,000,000 in #Bitcoin<\/a> over the last hour… Either liquidity need or someone profited. $BTC<\/a> this isn't a trend reversal pic.twitter.com\/YUbsA6EUiz<\/a><\/p>— Ripple The Dog (XRP) (@coded_crypto) September 7, 2021<\/a><\/blockquote>