Hello,
While everyone was saying that the bull was coming, I wrote that it wouldn't be that easy. Bitcoin btc I was just laughing at those who said it wouldn't fall to $50,000 anymore. Now I'm laughing even harder 😊
The decline and uncertainty in the American stock markets have had a negative impact on the crypto market. Let's take a look at the developments now. The US presidential election is very important in the upcoming period. If Trump wins, the crypto market will relax a little. If the other candidate wins, the crypto market will fall again due to uncertainty. The Fed will now start cutting interest rates, it has no other choice, which would be a good development. Another issue is that the bankrupt Genesis company will distribute its cryptos to creditors. Sales from here will put pressure on the market.
As it seems, the market is full of uncertainty. There will be sharp declines and rises. It will not be easy. Markets and leading players are doing everything to discourage people and finish them psychologically. But, in the end, the profit will be great for those who can survive. In such sharp declines in the market, good projects can be purchased for both cost reduction and investment in the bull season.
Stay strong...