The crypto market is melting down,and bitcoin price show's it.Crypto prices is highly volatile in November falling collapse of FTX one of the largest and fastest growing crypto exchange. The exchange failed bankruptcy on Nov 11.and those shockwaves still being felt today as the FTX fall out continues. Most recently, Major crypto Lender and exchange BlockfI failled for bankruptcy last 2-3weeks.
Bitcoins price has recovered from this meltdown some what but price reaming too low growing. The coin reclaimed $17.7k+ this week and remains at the price point as of view.what do you think,bitcoin price is still correction? I personally thinking about that bitcoin price will be recover again.
we cannot call this as correction but instead this is a normal reaction of the market after all that badly happened in the market this whole year of 2022.
what I do see is the bearish market will continue to happen until the effect of FTX gone but for now never expect anything greater that what we have in the 2021 , there are so much pressure for the crypto and Bitcoin is the most affected one now.