What led to this fall?
The drop occurred because about $ 150 billion was withdrawn from the market. The market capitalization of the crypto currency dates to 21.12. amounted to $ 645 billion. Yesterday morning capitalization has dropped to $ 475 billion, but now the market has recovered a little and currently the capitalization of the market amounts to $ 517 billion.
Who pulled so much money out of the market? Well, most likely, someone who had a bigger amount decided to sell their crypto currencies and withdraw money, and then many panic investors started selling their currencies and thereby increasing that decline.
But Bitcoin has recovered each time so far!
Bitcoin had bad times and generally grows or falls, but it should not be neglected the fact that, despite everything in the long run, it is growing steadily.
This sudden fall is perhaps even good because it will allow new investors to enter the market before Bitcoin launches its $ 25,000 race, and alt coins will probably start to grow. For now, this drop in Bitcoin has pulled out almost all crypto currencies, and most of them are in red.
Until when will this redness last, and will it all be back in green after a few days? Write your opinion in the comment.