$13billions has just been wiped off of cryptocurrencies market and bitcoin has loss about $700 in just around 4 hour. I will like to ask the expect here what is really happening? I believe that for the last seven months bitcoin has not gone down like e this and bitcoin is the most hit.
I think the picture is clearer now. It looks like bitcoin cash is having a hashing war between Bitcoin Cash ABC and Bitcoin SV. So because of this uncertainty and some big actors tends to be nervous and might have decided to make a sell-off causing panic.
Are we heading towards $3000 as speculated by some of us here or bitcoin is going to recover around $5200.
What is the next step to take? Your advice is highly appreciated.
No, I don't think that we're heading to $3K. We just need to wait and see what happens after the Bitcoin Cash fork and Craig Wright's SV. Probably just a couple of days an we're back to $6K levels again.