Potential opportunity zone surfaces in the crypto market, with the global market cap experiencing a 4.1% plunge in the last 24 hours to reach $2.49 trillion. Despite the drop, the total daily trading volume has increased by 16% to $99.1 billion, indicating heightened market activity. BTC is currently trading at $64,250, while ETH is hovering around $3,150, potentially contributing to the prevailing bearish sentiment across the market.
Data from Santiment reveals that over 85% of assets listed on the platform are in the opportunity zone. However, there is a growing sense of fear within the crypto community following the market cap dips. The “buy the dip” sentiment has surged on social media platforms, dominating 35.97% of total crypto conversations.
