Fear Rises as Crypto Market Crash: Santiment Report Reveals Bitcoin’s Next Price Target

The post Fear Rises as Crypto Market Crash: Santiment Report Reveals Bitcoin’s Next Price Target appeared first on Coinpedia Fintech News

The cryptocurrency market experienced a significant downturn on September 4, with total market capitalization dropping by over 4.25% to around $1.98 trillion. Bitcoin (BTC) and Ethereum (ETH), two of the largest cryptocurrencies by market cap, saw their prices slip to $56,050 and $2,375, respectively. This decline has sparked fear among traders, who are not fully committed to either bullish or bearish positions.

Santiment, a market intelligence platform, notes that the recent drop has led to increased chatter about a potential “bear market.” Some traders are unsure if this recent dip is just another attempt to push out weak investors or if it’s a sign that Bitcoin could fall even further, possibly down to $40,000.