Part 2/9:
Recent analyses reveal that many cryptocurrencies are currently trending downward. For instance, as per Coin360, major players like Bitcoin have witnessed a decrease of over 4%, while Ethereum and XRP have also dropped by about 2% and 3%, respectively. Interestingly, in times of investor apprehension, there has been a noticeable shift towards stablecoins, which generally retain their value better than volatile cryptocurrencies.
Investor sentiment, while neutral, is veering toward fear, indicated by a sentiment score of 47 points—below the neutral mark of 50. This nervousness reflects the broader uncertainty in the market, which has prompted traders and investors to seek refuge in stable financial instruments.