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.
The reasons that are speculated for why the market fell are many, but I think that both Elon Musk, as well as the huge FUD in China, the Binance problem has caused or added this effect, although in my personal opinion I do not think there has been lowered because of this, only a percentage I attribute it to Elon Musk, but the main reason I think was for those traders or investors who wanted to buy BTC, and the best way to buy BTC is cheap (at least that is what millionaires do) and that is why they entered "Short" to take advantage of the moment that was the ideal of panic on the part of weak hands, I think it has given some result if it was like that, but already the BTC is reacting and now it is recovering by more than 9 % ... I think the reason was merely speculative.