Crypto Investors Seek Dip-Buying Opportunities as Market Tests Key Support
The crypto market's prolonged bearish phase has investors scouting for undervalued assets, with low-cap tokens drawing particular interest. The Federal Reserve's third consecutive rate cut failed to ignite immediate buying activity, but seasoned traders interpret the stagnation as a market reset rather than a collapse.
October's flash crash—which erased 20% of the Crypto Total Market Cap in a single day—marked the start of the current correction. After briefly dipping below $3 trillion on November 21, the market rebounded but remains 30% off October highs. Volatility has tapered, with the $2.8–$3 trillion range now acting as a support zone.
Bitcoin Hyper's presale, having raised $29.5 million, emerges as a standout amid the downturn. Market participants anticipate a potential Santa rally, viewing current levels as a cyclical bottom.
