The crypto market is once again flying high and at the time of writing BTC price is $38,400. As the weekend approached, #BTC's trend increased and volume is rising. As mentioned in the previous post #Blackrock can come out anytime which is a big company and can invest huge amount anytime.
Note that Blackrock has been accumulating coins for three months now, even though SEC has not yet authorized the company for to buy #Bitcoin. However, it can also be internal issues.
In such a case, what should we do, that is, which direction should the investor turn? Should buy crypto? Either sell the one you have already bought or hold it.
These are very important questions that I will try to answer. Keep in mind that crypto-halving is very close which triggers a bull run.
Also, you should also understand that about 80% of Blackrock can be approved which will be officially announced at the beginning of the new year. Thirdly, the crypto market has seen a bear run of two-three years.
Considering these three events, we can see that the bull run is very close. In such a case selling your coins is crazy and it is better to hold the coins tightly.
Now the question arises, what should new investors do in such a situation? Can they enter the market now? Let me make it clear that the crypto market is never free of risk, which means that whatever investment you make, do it after your research. What I am providing information only to the extent of entertainment.
I think now is the good time for new investors to enter the market. There are still many coins who have not yet moved. Example among them is #HIVE which has not yet moved. Likewise #Bitcoin may reach $100,000 according to many predictions.
Also remember that BlackRock and similar large departments want Bitcoin to be bought cheaply. If possible, they will further dump the market so that investors get panic and sell their holdings. So in such a case you have to stay strong and don't listen to any rumor. And hold your coins tightly.
I still think Blackrock is busy buying coins. Most of the bitcoins that have been bought are from Coinbase and remember Coinbase is a good partner with Blackrock.
This means that BlackRock has not yet been approved yet is still in the process of buying BTC. And you can see that the crypto market is going up. Although this week has not been a good week for the crypto market, the bad news about Binance that the CEO of Binance resigned, which was to affect the market in particular.
But because of Blackrock's buying, the market did not fall, but recovered and the price is going up. Now think for a moment if SEC approves Blackrock, where can the market go in such a case?
What do you people think about current market situation? Do you think the bull run started and the BTC will keep on rising in price? Will be glad to see your answers in the comment section.
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NOTE: IMAGES ARE EDITED IN CANVA.
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