The United States equities markets made a strong recovery this week but (BTCfailed to follow suit. This means that cryptocurrency investors stayed away and could be worried by the ongoing problems at Silvergate bank. These fears could be what is behind the total crypto market capitalization dropping to nearly $1 trillion.
The behavior analytics platform Santiment said in a report on March 5 that there was a “huge spike of bearish sentiments” according to their bullish versus bearish word comparison Social Trends chart. However, the firm added that th “kind of overwhelmingly bearish sentiment can lead to a nice bounce to silence the critics.”