Hello guys, the cryptocurrency world have witnessed an rise in fortune in the last one month or so, turning a market cap of 2 trillion USD. Now suddenly we are witnessing red candles. What's going on? Is it a massive correction or are the dreaded bears coming upon us?
1 trillion you meant right, I'm not surprised it was due to come by, the market has been the talk on all media lips this last few months and institutional investors are making the fun more interesting with their massive support for the currency. Don't think we'll be going down anytime soon. We meant experience certain down times but it won't last since all the news are bullish.
Reports came out few days or weeks back of miners now accumulating instead of selling and you can see the market reacting positively. News like this would be coming out simultaneously and this will affect the market positively as traders and investors join in accumulating too.