Hello everyone this Article about latest crypto updates. Ya, I know that you already see the market and afraid about this dip. We know that market repeat history this as a UNIVERSAL TRUTH but sometimes we don’t know why these all things happen.
Okay, let’s move on our topic and don’t panic about this dip.we in a future whole market will be pumped as soon as possible.
Today the crypto market dropped over 20 billion dollars in last 24 hours as we see the huge dump in BTC market and bitcoin is under 6400$.
Early morning we all see the market was the drop from 274 billion dollars to 252 billion dollars, currently, when I write this article the market was Approx 254 billion dollars and this market fall was 7%. The bitcoin price fall from 6700$ to 6400$ this fall forced to fall another crypto like ETH, XRP, BCH.
Why ETH fall 10% and BTC only 5%?
Here is the most common reason for this fall whenever BTC goes suddenly high or dip in both cases ALTs goes down but here is only one reason for the market going down maybe some other reasons are involved.
This time bancor which is a decentralized exchange was hacked and Approx
12 billion usd worth ETH was stolen, $1 million worth of NPxS and $10 million worth of BNT.
So This is also a reason for the huge dump in market peoples are sell their bitcoins and ethereum.
Bancor raised $153 million dollars in July 2017 in a span of few hours making it one of the largest ICO’s ever.
Some days ago Vitalik Buterin, founder of Ethereum, said that centralized cryptocurrency exchanges should “burn in hell as much as possible”. Here we all know that decentralized exchange is the future but what Vitalik Buterin try to say? can you guess?
Mostly huge money investors they also known as Whales are mantipulte this market and test all crypto holders paitence. If you see last year BTC price spike upto 20000$ this is a unbileavble growth in bitcoin and after a huge dump comes in the makert in only 1 month perioed.so this is a risky business but if you have patinece you see how you make money very eailsy.
Last week the btc volume recoverd to Approx 5 billion usd but sadly this week volume dropped back to 3.9 billion usd.
Last some days we see BTC suddenly see a huge candle bar appear in charts so this is also a green signal for us if this continued we hope for a good profit.
Conculsion-
- We see in the market whenever bicoin falls it is immedieatly rebounce to 6700$ in 24 hours.
- It is very difficult to break 5800$ support so don’t worry and neglect those people who say bitcoin is comes to zero.
- If you a long-term holer then do not make panic about fall just chill and relax on chair enjoy your day.when market convert in a bull run then sell your crypto in profit.
- This time bitcoin and Crypto segment very positive and in near future, I hope for good profit from cryptocurrency.
- Do not panic on these News this time market in correction no bearish sign available.
In the end, I clear all the things which are important for you.
What is your opinion about Crypto and what is a prediction about bitcoin price at the end of the year?
Coins mentioned in post:
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