The FOMC meeting and Fed rate cut announcement on October 29 turned out to be a “sell-the-news” scenario for the crypto market. Ethereum price has lost the $4,000 support, dropping another 3% in the last 24 hours, in what analysts believe to be a classic bear trap. On the other hand, spot Ethereum ETF flows have turned negative again. ETH Price Loses $4,000 Support in Bearish Fall After trying hard to hold the ETH price above $4,000, bulls have once again given up to the bearish pressure as the largest ...

crypto bear market, bear trap. Photo by BeInCrypto The crypto market has erased nearly all of its gains from early September, reversing its upward trajectory since late last week.  This downturn has left analysts split. Some argue it could mark the onset of a bear market, while others see it as a short-lived bear trap that could quickly give way to another rebound. Is a Crypto Bear Market Starting? Data from BeInCrypto Markets showed that the total cryptocurrency market capitalization declined by 6.6% o ...