$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. Ethereum has seriously getting dumped too. 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.
It is impossible to know exactly what is happening, I'm sure that even the whales are not completely sure about what is happening, but I really do not think they care about it because now they have the possibility of getting bitcoin for an even cheaper price and unlike many they are going to take advantage of it, so if you have any money you can try to do the same