A sudden price drop in the crypto markets along with the deepening points loss in the dow jones point to a a slow and steady downward trend as of late. Is the bull run of 2021 over? Are these the marks of the beginning of something much worse to come? A major recession, a new crypto winter? What could possibly be next? Any comments and thoughts are more than welcome.
Let's hope you are wrong! But what can we say now? This is a hefty drop in prices and I don't see the market recovering quickly. I think this will go for a while. So many profits have been taken and those who see their profits threatened may now still decide to sell. This is a tough turn around in the market, w'll see if this is going to be another so called crypto winter.