Cryptocurrency is currently collapsing. And the total crypto market cap is now less than $1 trillion.
The market is red, and every cryptocurrency is crashing. Is it better to wait for a further drop in Bitcoin and Ethereum, or would DCA be better?
What will happen next?
How long do you think the market will take to recover?
In my opinion, cryptocurrency is currently being affected by multiple factors, especially its price. First of all, we can say that the global situation is bad, the war in Ukraine-Russia is going on and its effects are spreading all over the world. On the other hand, scamming in cryptocurrencies as well as negative trends of investors have had a huge impact on crypto. As a result, BTC prices are at their lowest level since 2020 and many are still speculating that it could fall further.
The perception is that the market is heading for a long-term bearish trend. As it is crypto so everything is possible.