Crypto market bearish trend is getting longer. Market cap fell below $1 Trillion which was at one stage touch to $3 Trillion. Red color dominance observed in market as majority of coins are red. Current marketcap is around $932 Billion.
BTC which some how managed to achieve $25,000 couple of days ago fell below $21,000. At one stage coin was trading around $19,500. However, coin picked some momentum and currently coin is trading around $20,300. Dip in worth decreased BTC domiance of 42.1% to 41.9% of overall marketcap.
Not a good time for BTC holders who held BTC for trading purpose. But there is no problem for investors who held BTC for a longer period of time. Rumors in the market that coin may fell below as low as $15,000. There is no need to panic if you have BTC in your wallet. Time to show patience and keep your holding intact.
BTC has faced this situation couple of time in the past.
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BTC started its journey with worth of around $0.003. Coin able to achieve above $68,000 worth in November 2021. If we closely monitor the table we will observe there is no two successive year since 2010 in which the coin observed dip in price. On the other hand there are series of consecutive year when the coin observed bullish trend.
Table reveals there is no need to take any tension. Tension creates FUD as a result people sell their asset at cheap price. Selling at cheap price is not an option as selling at this price give you permanent loss. Time to hold BTC and wait for the bullish season. Coin has tendency to surpass $100,000 worth in future. Holding is key here. What is your opinion my friends?
This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.
