The market seems to be bleeding now, Bitcoin is only down by 8% at the moment but major altcoins are down double digit.
https://coinmarketcap.com/
Will this be the start of the bear season?
We haven't witnessed a long and major dump this year yet, so seeing this might cause some panic especially on the altcoins holders as they are the ones who will significantly be affected since we know what would happen to altcoins if bitcoin struggles.
As per Binance exchange, the 24 hours low of bitcoin is $42500, so what's next?
https://www.binance.com/en/trade/BTC_USDT
https://coinmarketcap.com/
Will this be the start of the bear season?
We haven't witnessed a long and major dump this year yet, so seeing this might cause some panic especially on the altcoins holders as they are the ones who will significantly be affected since we know what would happen to altcoins if bitcoin struggles.
As per Binance exchange, the 24 hours low of bitcoin is $42500, so what's next?
https://www.binance.com/en/trade/BTC_USDT
This is the thing with Investors.
Back in May 2021, we had a Bitcoin price drop of about -51% for about 71 days, and then investors were saying that this is the end of this year Bull market until it went up again and for this drop, even if we take it back to since 06 September 2021, it was only dropped about -22% and just for 18 days and here we are again thinking it is the start of the bear season. Market will always correct.