Bitcoin Price Drops Impact Market Sentiment – BitRss

The observed 1.5% drop in Bitcoin $92,577 price spreads a negative sentiment across the market. With Bitcoin falling below $93,000, uncertainty in the cryptocurrency market has increased. Simultaneously, Helium (HNT) lost 12% and Quant (QNT) saw a 10% decrease in value. This overall market fluctuation resulted in a decline of the total global market capitalization to $3.22 trillion. During this period, the trading volume surged by 50%, reaching $139 billion.