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?
Crypto market volatility is high at the moment...
I don't think that the price of cryptocurrencies will drop dramatically as long as the Bitcoin price is stable. Bitcoin price is currently very stable and it doesn't look like it's going down to $ 40k yet. I see Bitcoin price will be hard to drop below $ 40k.