Why has the crypto market gone down?
#whyhascryptomarketgonedown
The last few days have been stressful for hodlers and traders. Bitcoin is losing ground, altcoins are plummeting — there's a smell of fear in the air. What's happening?
1. Stock markets are pressuring: Correction in Nasdaq and S&P traditionally hits crypto as well. Investors are fleeing to "safe havens."
2. Fed rhetoric: Possible tightening of policy triggers a wave of sell-offs.
3. Crowd psychology: Panic intensifies the decline. Those who haven't sold are holding their breath.
What's next?
Either this is just a pause, or the beginning of a deep correction. The market is waiting for signals. We are — along with it.
Now is the time for a cool head. Crypto knows how to fall — but it knows even better how to recover.#NewsTrade