Why Crypto Market Sentiment May Present A Unique Buying Opportunity

Name	Symbol	Market	Market Cap ($)	Algorithm
Amp	AMPUSD	Crypto	440,043,036	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Amp

AMPUSD

Crypto

440,043,036

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.00016	-2.00%	0.00784	0.00782	0.00783

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.00016

-2.00%

0.00784

0.00782

0.00783

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.0081	0.00778	0.00796	0.008	0.001400 - 0.016850

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.0081

0.00778

0.00796

0.008

0.001400 - 0.016850

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	22:31:12	349.00	0.00783	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

22:31:12

349.00

0.00783

USD

Price x Volume	Volume	Base Symbol	Related Pairs
1,199,637.74	152,255,225.09	AMP	AMPEUR	AMPGBP	AMPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

1,199,637.74

152,255,225.09

Why Crypto Market Sentiment May Present A Unique Buying Opportunity

14/10/2022 12:00am

NEWSBTC

The crypto market sentiment has not shown any significant recovery during the last couple of months. There have been points where it looked as if the worst was over but the market had declined into the extreme fear territory once more. However, instead of the doom and gloom that usually follows markets such as this, there may be a unique opportunity for investors looking to buy at favorable prices. A Good Time To Buy Historically, there have been times when buying cryptocurrencies has been more favorable than others. One of those has been times when the market has spent a long stretch in the extreme fear territory and there is low momentum in the market. Related Reading: Crypto Market Shows No Signs Of Positive Movement, Is ‘Uptober’ A Myth? Investors are often wary of putting money into digital assets at times like this, causing the price of the assets to decline. However, this can present a buying opportunity because of the low prices and the reduced volume needed to move the market. Total market cap drops to $851 billion | Source: Crypto Total Market Cap on TradingView.com An example of this happening is back in mid-2020 before the bull run had begun. The crypto market had spent the better part of March and April in the extreme fear region. What would follow was a market rally that would eventually see bitcoin break above $10,000, a more than 100% increase from its March 2021 lows below $4,000. Crypto Market May See A Recovery Currently, the crypto market is succumbing to the pressure of the CPI data release and the FOMC meeting. These are historical events that have always had an impact on the macro markets and bitcoin’s high correlation with the stock market has seen it decline during this time too. However, there could be a turn in the tide coming. Related Reading: Bitcoin, Ethereum Open Interest Suggests A Squeeze Is Coming The Fed has been increasing interest rates for a while now due to high inflation rates. Naturally, this cannot go on for long and there will eventually be a reversal. When this happens, risk assets will react positively and cryptocurrencies such as bitcoin are expected to do well in such a market. “Rich Dad Poor Dad” author Robert Kiyosaki forecasted that this change would come about in early 2023 and that the dollar would decline in value. An event like this would trigger a flee to safety in digital assets such as bitcoin, which Kiyosaki has urged investors to purchase. Featured image from Finance Monthly, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…

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AMPUSD Amp