BTC and ETH fail to impress by CoinEdition

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Santiment revealed in a Tweet this morning that traders are increasingly embittered that the crypto market has stagnated. The lackluster performance of BTC and ETH over the past week is partly to blame for investor frustration. HEX and PEPE have also suffered losses recently.

Market news platform Santiment shared a message on Twitter earlier this morning about the current crypto market conditions. According to the post, investors and traders seem increasingly impatient with the fact that the markets have been rather stagnant.

Adding to investor frustration is the fact that there has been an increase in social volume for stablecoins. Santiment explained that this could suggest a disinterest in speculative cryptos. Moreover, things are also not going so well for the two crypto market leaders, Bitcoin (BTC) and Ethereum (ETH).

CoinMarketCap reported that at press time, BTC is worth around $27,432.60 after a price increase of 2.18% in the last 24 hours of trading. Despite this, BTC’s weekly performance is still down more than 2%.

ETH was also able to print 24-hour gains of around 1.33% and was trading at $1,830.38. As with BTC, ETH’s weekly performance still had some work to do to get back into the green zone as the altcoin was down 1.63% in the last seven days.

Santiment’s claim that the market is stagnating has also been proven by the fact that various polarizing assets such as Pepe (PEPE) and HEX have recently seen significant price declines.

PEPE was a trending project in the crypto space for the past few weeks after its price increase of over 2000% in the past month. Unfortunately, things have slowed down for the meme coin as, at press time, PEPE was trading at $0.000001729 after a price drop of more than 10% in the past day alone.

Disclaimer: The views and opinions, and all information shared in this price analysis, are published in good faith. Readers should do their own research and due diligence. Any action taken by the reader is strictly at his own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

The post Crypto Market Stagnation Continues: BTC and ETH Fail To Impress appeared first on Coin Edition.

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