Investors are continuously looking at the market and finding for the best opportunities but unfortunately the time has not come and instead market is kept on dumping which is a sad moment for every investors.
BTC is driving the whole market and until unless BTC does not move not other coins will move. Altcoins are totally dependent on Bitcoin.
In this post I will tell about the market dump and why it is happening. According to my knowledge and research the main reason for the market dump is the incoming conflict in the middle east and also the selling of Binance and BlackRock.
According to some news that Binance and Blackrock has started selling their holdings which leads to the market crash.
We see that altcoins bleed very bad and investors are worrying about it. I think this is the worst situation for the market and if Bitcoin doesnot hold the support of $92K then surely we may head towards $88K and then 82K.
In such scenario altcoins will bleed more and that will be the worse scenario. Every year February have been the worse month for the crypto, we need to pass this month and show patient.
Next month will have hope for the market and we might see some recovery there. Those two news might be the reasons for the market dump and we hope it will not go into worse.
What do you people think about market, will you agree with the reasons I mentioned? Will be glad to see your answers in the comment section.
I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.
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