Market Wrap: Cryptocurrency Sell-Off Pauses as Sentiment Turns Bearish – CoinDesk

Cryptocurrencies were mostly lower on Monday, although market conditions have stabilized following the weekend sell-off.

And in crypto markets, alternative coins such as ether, Polygon’s MATIC token and Solana’s SOL token have outperformed bitcoin over the past week, suggesting investors’ greater appetite for risk.

In a bear market, however, drawdowns can extend well beyond 30%, and the price can take several months to recover.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.

Damanick is a crypto market analyst at CoinDesk where he writes the daily Market Wrap and provides technical analysis.

Tracy Wang is a senior reporter at CoinDesk.

CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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