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ALTSEASON CANCELED
At the end of January, the total altcoin market cap stood at $1.46 trillion, but by Feb. 3, it had plunged to $1 trillion,marking a 31.5% decline and wiping out $460 billion in market value.
Since then, the market has shown some signs of recovery, climbing to $1.22 trillion as of this writing on Feb. 5. However, it remains nearly 16% below its January levels and 28% short of its all-time high of $1.71 trillion from November 2021.
The overall sentiment in the altcoin market remains weak.
In addition Trade wars and situation in Middle East signaling low probability of Bull run in February.
#ALTSEASON #BTC走势分析
At the end of January, the total altcoin market cap stood at $1.46 trillion, but by Feb. 3, it had plunged to $1 trillion,marking a 31.5% decline and wiping out $460 billion in market value.
Since then, the market has shown some signs of recovery, climbing to $1.22 trillion as of this writing on Feb. 5. However, it remains nearly 16% below its January levels and 28% short of its all-time high of $1.71 trillion from November 2021.
The overall sentiment in the altcoin market remains weak.
In addition Trade wars and situation in Middle East signaling low probability of Bull run in February.
#ALTSEASON #BTC走势分析
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