Ask Leo : Is the bear market back in full force considering the drop in Bitcoin price
The crypto market market is bleeding again following a tremendous downturn in value of altcoins and crypto tokens especially the Bitcoin. The bear market is back and might take full force if prices continues to take a downward trend rather than head for the bullish trend.
Well, over the last week, the there has been a drop in the value of Bitcoin price again, a drop to a little bit over $21,000. This brought about a 14% drop in value over the week. What a big one. Thus, the market has become so unfavorable to investors and traders to the point that this drop has affected other crypto coins aside Bitcoin. The dip is a sudden occurrence that the crash in price has affected basically all viable investors or hodlers of crypto.
Although I am not surprised with this turn of event, because every crypto educated person is aware of its volatility. Thus it should be expected that investing in crypto brings about unpredictable occasions. It could be bearish today and be bullish tomorrow no one can fathom its uncertainty. It just not for the faint hearted to venture into...I guess.
We just have to deal with it though.
Posted Using LeoFinance Beta
Crypto Currency, its digital money.
Congratulations @henrietta27! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):
Your next target is to reach 250 posts.
Your next target is to reach 6000 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Check out the last post from @hivebuzz:
Support the HiveBuzz project. Vote for our proposal!