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?
We are still talking about hundreds of billions here so I can't tell that we can call this collapsing and also this almost trillion is a market cap back in the last ATH in 2017 so basically we are still uptrend.
Recovery will follow once the world economy recovers as well so best to not expect any of those in the coming months or at least couple of years.
Instead let us celebrate as Bitcoin still at 5 digits value.