The recent crash in the crypto market has caused unrest among many investors, but analysts already see signs of a possible recovery, similar to that after the Covid-19 crash. Despite a liquidation of over 1 billion dollars within the last 24 hours, experts advise calm. A look at the NUPL indicator and current market conditions suggests that now could be the right time for long-term investments.
Market Analysis: A Comparison with the Post-Covid Recovery
Recent events in the crypto market strongly remind of the crash during the Covid-19 pandemic, which ultimately led to a remarkable bull market. Analysts, including renowned market researcher Kyle Chasse, emphasize that the market is currently in a phase that promises long-term gains. Chasse points out that the NUPL indicator, which measures sentiment among Bitcoin investors, still points to a “belief phase” – a sign that the market has not yet reached its bottom.
The Role of the Fear & Greed Index
In times of financial uncertainty and fear of global conflicts, the Fear & Greed Index currently shows a value of 26. This index is often used as an indicator for the buying behaviour of large institutions, which tend to invest in such phases to benefit from later rising prices. The current market situation could thus represent a unique opportunity for investors to expand their portfolios before prices pick up again.
Effects of a Rate Cut by the FED
Another factor speaking for a possible recovery of the crypto market is the expected rate cut by the Federal Reserve in September. With a probability of 93.5%, analysts see this as a possibility to stabilize the financial markets and favor assets such as cryptocurrencies. Given the current market situation, this could be the ideal time to invest in order to benefit from long-term gains.
Our Assessment
Despite the recent market crash and the associated uncertainty, there are clear signs pointing to an impending recovery, similar to the upswing after the Covid-19 pandemic. Long-term investors should view the current market situation as an opportunity and not be deterred by short-term fluctuations. The combination of the NUPL indicator, the Fear & Greed Index, and the expected rate cut by the FED provide a solid basis for assuming that now could be the right time to invest.
10 Free Spins per day over ten (10) days on Gates of Olympus or Book of Ra Deluxe.
How did we rate this casino
In addition to an unlimited bonus, Coinkings.io has a lot to offer. We have a high tolerance for VPNs, an impeccable selection of cryptocurrencies and, above all, an experienced team that immediately provided a wide range of games. In combination, all of this is very convincing.
Free spins are credited on the Gamebeat slots: Max Miner (1st), Book of Elixir (2nd) and Odin’s Tree (3rd).
How did we rate this casino
Bets.io stands out as one of our top-rated crypto casinos. It combines everything you love about Dama casinos — like a stellar game selection and rock-solid reliability — with a refreshing twist: no frustrating KYC processes and no outdated payment methods.
You must complete the registration and verification process, including a valid email or phone number, to qualify for this bonus.
You must select the desired bonus during the deposit process.
There is a maximum withdrawal limit of $10 from winnings derived from free spins.
How did we rate this casino
BC.Game has become the leading crypto casino, outshining other major competitors. The rewards, proprietary stablecoin, welcome bonus, and game selection all stand out. And our review of BC.Game left us pleasantly surprised.
Online Gambling, Greece and my dog Gringo are my three favorite things in my life. Before working for Kryptocasinos.com I was leading the content team of an iGaming Online magazine where I was focused on researching casinos, their licenses and the connection between the members of the industry.
We are independent, transparent and funded by revenue we generate when you sign up at a casino through us.
Our goal is to help you make better decisions when choosing a casino by offering different information, providing filters and comparison tables, and publishing objective content. Thus, we give you the opportunity to research for free, compare casinos and make your decision based on that.
We cannot guarantee that a casino that is very good for us will fit your type of player and your circumstances.
Why trust us?
We work according to transparent editorial guidelines and disclose our testing methods as well as funding. This article may contain links to our partners, but this does not influence our objective view in any way.
🍪
We use cookies. By using this site, you accept them.