• Bitcoin hit $49K today, while Ethereum revisited $2,100.
• However, an intelligence platform observed mild dip-buying interest.
• Nomad Bridge Exploiter hackers capitalize on the dip, purchasing 16,892 ETH post-market drop.

The cryptocurrency market is experiencing dramatic declines today, with Bitcoin dipping to $49,000 before stabilizing at $52,400. Ethereum, the second-largest cryptocurrency, has also fallen to $2,100.

This massive dip has liquidated many investors who have bet on the continued uptrend of the crypto market. Data from Coinglass highlighted a $1.12 billion liquidation, with more than $953 million from long and $169 million from short positions. 

Despite the market’s fear, uncertainty, and doubt (FUD), some retail traders see the movement as an opportunity to bag more coins in their portfolios. Data from the intelligence platform Santiment reveals an increasing discussion revolving around the best time to ‘buy the dip.’ 

However, the data suggests that the discussion levels are still lower than the required limits, and a bigger dip could be on the horizon as the U.S. markets wake up.

The post Bitcoin Hits New Low as ‘Buy the Dip’ Sentiment Grows appeared first on Coin Edition.

• Bitcoin hit $49K today, while Ethereum revisited $2,100.
• However, an intelligence platform observed mild dip-buying interest.
• Nomad Bridge Exploiter hackers capitalize on the dip, purchasing 16,892 ETH post-market drop.

The cryptocurrency market is experiencing dramatic declines today, with Bitcoin dipping to $49,000 before stabilizing at $52,400. Ethereum, the second-largest cryptocurrency, has also fallen to $2,100.

This massive dip has liquidated many investors who have bet on the continued uptrend of the crypto market. Data from Coinglass highlighted a $1.12 billion liquidation, with more than $953 million from long and $169 million from short positions. 

Despite the market’s fear, uncertainty, and doubt (FUD), some retail traders see the movement as an opportunity to bag more coins in their portfolios. Data from the intelligence platform Santiment reveals an increasing discussion revolving around the best time to ‘buy the dip.’ 

However, the data suggests that the discussion levels are still lower than the required limits, and a bigger dip could be on the horizon as the U.S. markets wake up.

The post Bitcoin Hits New Low as ‘Buy the Dip’ Sentiment Grows appeared first on Coin Edition.