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<p class="is-style-lead">Amidst the United States&#8217; crackdown on cryptocurrencies, bitcoin, and other cryptos have experienced a significant price decline.</p>



<p class="is-style-default">A report from Santiment, an analytics company, stated that investor sentiment is officially at its most pessimistic level since covid-19 crashed markets in March 2020.</p>



<p>This comes as the market downturn has resulted in a nearly $40 billion decrease in overall market capitalization, representing a 3.6% decline to $1.06 trillion. Altcoins, including <a href="https://crypto.news/price/ethereum/">ethereum</a>, have experienced more significant losses compared to <a href="https://crypto.news/price/bitcoin/">bitcoin</a>.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">😱 With a combination of falling <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#crypto</a> prices and rising concerns about <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Binance</a> &amp; <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Coinbase</a>, trader sentiment is officially at its most negative level since <a href="https://twitter.com/hashtag/Covid?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Covid</a> crashed markets in March, 2020. These situations are often <a href="https://twitter.com/hashtag/buythedip?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#buythedip</a> opportunities. <a href="https://t.co/EIROZSkMYW" target="_blank">https://t.co/EIROZSkMYW</a> <a href="https://t.co/tBhqXRU4XU" target="_blank">pic.twitter.com/tBhqXRU4XU</a></p>&mdash; Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1669063160484220928?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 14, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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    <p>
        You might also like:

        <a href="https://crypto.news/ethereum-addresses-in-loss-hit-5-month-high-as-eth-dips-below-1700/">
            Ethereum addresses in loss hit 5-month high as ETH dips below $1,700        </a>
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<h2 class="wp-block-heading" id="how-are-markets-doing-today">How are markets doing today?</h2>



<p>Crypto markets are in for a dip as the global market cap dropped by 4% within a day of trading as of this publication. Bitcoin dipped today as the asset trades at $24.8 amid a 4% drop within 24 hours of trading.</p>



<figure class="wp-block-image"><img decoding="async" src="https://lh5.googleusercontent.com/yz-V0DIsEdctgws5WhsP7c4tj2o4HAhsq6wfLLOFSme4kvn2LmITxD_YQj4E494yebwt1haddxomMqiZHKm58JsnCfKvvbNslKuuZkpIYvOR0skWENULt2Gwc-bAeClg-ufLBQioDMwlZdHGdZKDLY4" alt="Trader sentiment falls to a three-year low - 1"></figure>



<p>Bitcoin’s volatility levels are also increasing as the Bollinger bands, used in estimating volatility levels, diverge away from each other, indicating rising volatility. The relative strength indicator also moves below its average line, signaling a bearish trend on bitcoin. </p>



<p>Most assets are also having turbulent sessions today as most of them lose valuation as of today’s session.&nbsp;</p>




    <p>
        Read more:

        <a href="https://crypto.news/altcoins-gain-traction-while-bitcoins-social-trend-falls/">
            Altcoins gain traction while bitcoin’s social trend falls        </a>
    </p>

Trader sentiment falls to a three-year low

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