The crypto market is still reeling from Bitcoin’s price drop on Saturday. The largest cryptocurrency by market cap took the majority of the market down with it after succumbing to bearish trends. But it seems that this is not the end as investors expect the digital asset to continue its decline.
Another 5% Loss By The End Of The Month
March is still in its early days but it has already started out with bad news for the market. This is in line with the bearish sentiment expressed by participants in the space on Coinmarketcap’s Price Estimates feature. The product collects votes from community members regarding where they see the price of a digital asset going forward, giving out a median and an average expected price. For bitcoin, it is incredibly bearish seeing as investors expect more downtrend.