Bearish sentiment dominates crypto market, with Bitcoin struggling at $58,420 and $319 million outflows

From Investing.com

September 02, 2024 2:30:24 pm:

Bearish sentiment dominates the cryptocurrency market, with the total market cap currently at $2.04 trillion and inching closer to dropping below $2 trillion. Bitcoin struggles at $58,420 with a 0.77% increase, down 9.41% in the past month. Bear control hinders market recovery, with BTC stuck at $58,000.

Crypto investment products see a $305 million outflow in seven days amid bearish market sentiment post strong US economic data release. Bitcoin bears result in $319 million outflows, while Ethereum suffers a $5.7 million exodus despite the recent launch of Ethereum spot ETFs. Investors stay cautious amidst prevailing market negativity.

Read more at Investing.com: $319 Million Bitcoin (BTC) Loss Stuns Crypto Community By U.Today