The Bitcoin and Crypto market has taken a significant hit. Bitcoin slipped below $90,000. After touching $89,200, it is now trying to maintain above $90,000.
What is the reason behind the market crash?
There is no direct reason behind this by taking out the relation from cryptocurrency.The coins which were rising since November have again come inside the zone today.If you have bought a coin on the spot then there is no need to worry. The market will recover again. But the chances of survival of those who are in future trade will be very less. Right now we have got liquidation of almost $500 billion.
When we tried to find the reason behind this, we realized that the global market is crashing. As soon as the US market opened, it also fell by 1 to 1.5%. We can see its impact on the cryptocurrency market.
Why is the U.S. market falling?
A few days ago, good jobs data came out in the US. What is the issue with the good data? When good data came out, the Fed said that we will not reduce interest rates. When interest rates are not reduced, then people or companies start feeling that interest rates will not be reduced and the global market will start breaking by anticipating it. We are seeing the impact of the same in the crypto market.
Overall we see that this happens for the short term. Where the Bitcoin cryptocurrency market is giving us such a big chance, we should take it positively. Because MicroStrategy again bought 2530 Bitcoin. Semler is a Scientific Company which bought 237 Bitcoin. Big institutions are buying Bitcoin.
https://x.com/saylor/status/1878789738720805176?t=5pn-8n14Gg6VTlF-K1ESHg&s=19
As soon as the market opened, a big dip was seen. Bitcoin fell from $91,000 to $89,200. When such a dip occurs, there is a recovery from the price and there is a liquidity hunt. This is a game of exchanges, investing people’s money and earning your own money.
To liquidate people’s money, to remove weak hearted people from the market, to raise future trading people, all these things are being done. Now we are seeing something like this. Where we have to observe that we should avoid as much as possible in future trade. If you are in the spot then there is no need to fear, recovery will be seen soon.
If we get a chance, we should try to make an entry but we should take only as much risk as we can bear. If we have diversified our portfolio, then there is no need to worry. Even if you are in the spot, there is no need to worry. Focus on the opportunity. When big institutions or big whales are invited for entry, then a game is played there that we can buy a coin in a dip.
Disclaimer
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