Cryptocurrency News Today TheBitTimes.com

As the price of Bitcoin (BTC) continues to decline, the rest of the market has followed, ushering in a crypto currency depression and sending alt coins toward their final capitulation phase of the current trading cycle, according to renowned crypto trading expert Michaël van de Poppe. Specifically, van de Poppe said that he had witnessed this part of the cycle before, in 2020, and that alt coins , on which he went all-in one month ago, were now starting to “bleed massively” but that now was the time “that you’d want to risk more,” as per his article on June 17. Altcoins performance. Source: Michaël van de Poppe Echoes of the past Indeed, the crypto analyst said he was not concerned about the current correction and being down on his investments because this was not his first rodeo. In fact, he had gone all-in into the likes of Verasity (VRA), Polygon (MATIC), and Fantom (FTM) in August 2020 during a very long bear market. ...

Cryptocurrency market capitulation revolves around investors' fears of further losses in a seemingly never-ending downward spiral, but it's also the period of maximum opportunity. Capitulation literally means concede. In the financial sphere, this term reflects a period of aggressive selling when the last of the bulls concede defeat to become bears themselves. What is crypto market capitulation? Suppose a crypto currency drops 30% overnight. An investor is left with two options: they can continue to hold or sell to realize the losses. There would be sharp decline in price if most investors decide to realize their losses. In addition, this selling pressure could produce a price bottom as the bears eventually run out of coins to sell.  But while it's very difficult to predict and identify capitulation, there are a few recurring market signals that can help traders prepare for such an event. A crypto market capitulation will typically include most of these condition: Rapid p...