The cryptocurrency market has experienced a significant decline in the last 30 days, with the total market cap shrinking by around 9.577%. According to a recent post by crypto analyst Ali, capital inflows in the market have dropped by 56.70% in the last month, decreasing from $134 billion to just $58 billion. This sharp decline in capital inflows indicates a decrease in investor interest in the crypto market.
The trend of declining capital inflows suggests that cryptocurrency investors are currently hesitant to enter the market, which may lead to sharp price fluctuations. In the past month, the top ten cryptocurrencies have shown unimpressive performances, with Bitcoin slipping by 7.3%, Ethereum by 17.7%, BNB by 6.0%, Solana by 18.5%, Dogecoin by 19.4%, and Cardano by 15.8%.
On January 6, the crypto market reached a monthly peak of $3.55 trillion, but between January 7 and 9, it sharply plummeted by 9.97%. While there was a slight recovery attempt between January 10 and 11, with the market price rising from $3.16 trillion to $3.25 trillion, the market has since decreased by 1.8% as of January 12. Currently, the market is at least 9.88% below its monthly peak.
The 56.70% drop in capital inflows signals a shift in investor sentiment, indicating a short-term hesitation or potentially a longer-term trend. It is crucial for investors to stay informed and up-to-date with the latest trends in the cryptocurrency market to make informed decisions. Stay ahead with breaking news, expert analysis, and real-time updates on Bitcoin, altcoins, DeFi, NFTs, and more.