Really bad day for crypto, most coins suffered serious setbacks, Bitcoin is close to $7,600.00, I wonder if we will be seeing a $5,000.00 by years end? This is a very big blow to everyone as with so much news that has been pouring in crypto was expected to go up, I don't see what is happening that could be causing this implosion, it can't be the impeachment, what the hell does crypto care about that.
Well, it could go either way, Bitcoin recovers and carries along all other alt coins back to a better price or it doesn't recover and then I think we would see several alt coins just disappear, they will not be able to withstand the pressure. That would leave a lot of people very wary about crypto which would not be good.
Steem is still close to 90 in market cap wherever you look so it doesn't look good, it is nearly at its yearly low and I see no way of Steem going up if Bitcoin doesn't surge, so I think unfortunately those who bought at $0.13 will now be thinking they should have waited until December.
Yes, things don't look too good in the crypto market, but that will fix itself, the question is whether Steem will be able to rise and see its price go up, if it doesn't we are all in deep shit, especially the bigger guys. So I guess we will see more downvoting so more rewards can be freed for them, and more circle jerk. Yes I don't see much good happening in the next few weeks. Then again I wasn't expecting much for Steem, I was hoping yes, but realistically, no, I think it will be a long time before Steem's price is in good shape if ever.
