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<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/news/crypto-market-faces-bearish-sentiments-as-august-begins-whats-next/">Crypto Market Faces Bearish Sentiments as August Begins- What’s Next</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>As the world calendar flipped to August, the cryptocurrency market experienced increased bearish sentiments. Furthermore, the cryptocurrency altcoin market had significantly lost the initial July bullish momentum that was triggered by the SEC vs Ripple ruling. With Bitcoin dominance hovering around 49.8 percent, traders were more uncertain of the altcoin rally in the coming weeks, despite the high-impact news on Litecoin (LTC) halving.</p> 
<h2 id="santiments-insights-fear-grips-crypto-traders" data-name="santiments-insights-fear-grips-crypto-traders" class="wp-block-heading"><strong>Santiment’s Insights: Fear Grips Crypto Traders</strong></h2> 
<p>According to a crypto report compiled by on-chain intelligence platform, Santiment, digital asset traders have fallen into a lull after most trade setups failed to materialize as expected. As a result, Santiment concluded that most traders are under the spell of fear, with Bitcoin showing more short-term weaknesses. Interestingly, Santiment highlighted that crypto whales too have significantly decreased their trade volume.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4ca.png" alt="📊" class="wp-smiley" style="height: 1em; max-height: 1em;">Traders have fallen into a lull with <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#crypto</a> not quite climbing the way many have been hoping to see. With <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> back down at $29K, fear is more prominent. Read our latest on what we can expect prices to look like heading into an intriguing August. <a href="https://t.co/hgRvPh0ANQ" rel="noopener noreferrer nofollow">https://t.co/hgRvPh0ANQ</a> <a href="https://t.co/fHjiN0Kd8t" rel="noopener noreferrer nofollow">pic.twitter.com/fHjiN0Kd8t</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1686268278623334400?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 1, 2023</a> 
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<p>Notably, Bitcoin’s social dominance has also significantly declined in the past few weeks as more traders opted to watch from the sides. The increased fear in the crypto market has coincided with a declined liquidity despite the recent Bitcoin ETF frenzy that showed high interest by institutional investors.</p>

Crypto Market Faces Bearish Sentiments as August Begins- What’s Next

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