The Bears are Back?
A general feeling of weakness pervades the crypto market. Bitcoin is down 9% and the total crypto market cap fell below 1 trillion USD. One thing that could be affecting the markets is that Reddit and Discord groups banned together to squeeze GameStop short sellers and quadrupled the price of GameStop stock. Even the traditional markets aren't what they used to be. Even the Altcoin gains are slim:
- Theta is the big winner up 6%
- XPR 5%
To read more about the changing sentiment check out the OKEx Academy and see what's going on.