From the LBank blog.
The general market sentiment towards Bitcoin and altcoins is a bit daunting to say the least. However, analysts believe this is a pivotal point, just before the huge bull run.
For crypto HODLers, this is the time to buy more BTC and other altcoins as they are optimistic about an uptrend soon. A meaningful rebound is expected as BTC will break even to catch up to $30k and above.
To these crypto faithfuls, this is just a momentary storm that will blow over as the market is projected to rebound.
The worldwide crypto market valuation is now $966.70 billion, down 4.12% from the last 24 hours. The overall crypto market volume over the last 24 hours has increased by 48.15% to $160.15 billion, according to CoinmarketCap.
The entire volume in DeFi is currently $10.77 billion, accounting for 6.73% of the overall 24-hour volume in the crypto market. The overall volume of all stable coins is now $141.30 billion, accounting for 88.23% of the total 24-hour volume of the crypto market.
The current price of Bitcoin is $22,823.45 and its market dominance is now 45.37%. Meanwhile, Ethereum has dropped to $1,238 its lowest point since January 2021.
Most of all, this is the best entry price point for new traders who have been looking to enter the crypto world in the last 12 months. The Bitcoin and altcoin bear market is where the future millionaires build up their foundation since a price reversal is only some steps away.
While BTC is experiencing a market adjustment, some altcoins LBank are consolidating and trending up to more price gains.
Start Trading Your Bitcoin and Altcoins on a Top Crypto Exchange
If you would like to know where to buy Bitcoin at the current rate, one of the top cryptocurrency exchanges for trading in Bitcoin is LBank. LBank is one of the top 20 crypto exchanges in the world by market cap and trading volume.
It boosts topnotch security, making it one of the exchanges that has never been hacked since its inception. LBank simplifies its trading Spot and derivatives markets, which makes it simple for new traders to navigate the platform without seeking assistance.
Users can easily buy and sell cryptocurrencies through its range of payment options. With your VISA, MasterCard, Apple Pay, Google Pay, Maestro Card, or Bank transfer, your transactions on the exchange are guaranteed to be swift and in record time.
This article came directly from the LBank blog, found on https://medium.com/lbank/overview-of-the-crypto-market-time-to-buy-the-dip-and-not-sell-ad472dbff06b?source=rss—-69b5b1a654b1—4