Crypto market is plunging

[tunaduong]

Today all Crypto markets are starting a strong and significant price drop, a lot of top coins are falling like BTC, ETH, XRP ... there will be a price correction coming strongly, what do you think about this after the strong drop this morning.

[KidTalent]

You call this a plunge?

You must be new to crypto..

[Temido2222]

Every bull run is littered with corrections, don't keep your face in the 24 hour charts. Zoom out and look at the bigger picture

[tunaduong]

You call this a plunge?

You must be new to crypto..

I think there will be a price adjustment here

[winrate.io]

  Look, the digital currency is back! It's moving closer than ever to its record high of almost $20,000. A new all-time high is not only possible but it is going to happen any time now. What an awesome time to be alive

[Menawi12]

A price drop of only $ 100 or $ 300 cannot be used as a reference after the Bitcoin price has risen to $ 8000. I think this is just a short correction and in the next few days Bitcoin could break through $ 20k. It is very common to see volatile price movements and we shouldn't panic

[TastyChillySauce00]

This is not a correction. Sometimes the market was doing a small bounty to stabilize its price. This is happening when the pump was occurring in the market.
If you have been watching the market since the big pump in 2017 and you will see so many similar movements that are happening right now. The price needs to find another floor to prepare for the next pump.

[GreatArkansas]

This is not a correction. Sometimes the market was doing a small bounty to stabilize its price. This is happening when the pump was occurring in the market.
(...)

It's still correction.
But these recent small dump makes the market healthy. It's totally different this time, compare to the previous all-time-high on the total cryptocurrency market cap.
This time is more healthy compared to the previous bull run since we saw an extremely FOMO before and a parabolic run.

[Hallmader]

This is the correction itself. But the way I look at it, this is definitely not a sign that the market bull run is now ending. There is enough reason to believe that the bull run has just begun and has yet to reach its highest peak. For example, Paypal is only offering crypto to a very limited population of its users. They are mostly in the US and other countries. When it eventually opens crypto buying to all of its hundreds of millions of users there will surely be another very strong rally.

[Maxre]

Dude, it's just getting started, the downturn is a common thing in the crypto market, how to respond to that of course I personally bought more than I could, before things looked expensive.

[bussybuddy]

It is just a price correction in preparation for further increases, as the current price is not yet at the expected high. I am still optimistic that the upward trend will continue

I think so !!!

This is most likely because the market corrects, looking at what is on CMC, the whole market is going down very quickly, i think there will probably be many small PUMP waves to recover. But most of all the main trend is still bullish, so let's rest assured and hope the whole market bounces up.

[otto93]

It's expected, but the surprised came early and it's not weekend yet. I personally saw it in a flash and it took seconds to reduce all the buildup over weeks, for all those affected and people who want to get some bugs just find a good entry and hope in, it's another opportunity

[bits4books]

What are you talking about? What fall? The $ 400 difference in price for BTC is not just a minor change, it is a classic of day trading.
As already mentioned above do not look at the minute charts and do not make conlusion that everything is gone in a few hours. Look at the daily rate, or even better for 2-3 days, and then you will understand that the market has just started to accelerate.

[tunaduong]

What are you talking about? What fall? The $ 400 difference in price for BTC is not just a minor change, it is a classic of day trading.
As already mentioned above do not look at the minute charts and do not make conlusion that everything is gone in a few hours. Look at the daily rate, or even better for 2-3 days, and then you will understand that the market has just started to accelerate.

I think my thinking is that the price of BTC will drop to the correction zone

[dhaldanga]

Yes I am really glad to see the current cryptocurrency market.
Most cryptocurrencies have been pumped.
Many investor funds were stuck which has now come up with profits.

[chichidori]

What are you talking about? What fall? The $ 400 difference in price for BTC is not just a minor change, it is a classic of day trading.
As already mentioned above do not look at the minute charts and do not make conlusion that everything is gone in a few hours. Look at the daily rate, or even better for 2-3 days, and then you will understand that the market has just started to accelerate.

Market is  still on the downtrend day trading is out of the question since BTC drop more than what people expect to be a correction but looking at the 7 day trade its still up by a margin and likely will make a comeback or go even lower.

[yurez]

While it looks like a normal correction and let it happen now than at higher levels.  For me, the signal to fall and change the trend will occur after falling below 14k.

[Ayapp]

Well this can't be termed a plunge, 200-500$ of the price of bitcoin can't be called a plunge.

[Ozero]

Last night, according to the CoinMarketCap table, the price of bitcoin was $ 19,186, and now it is $ 17,892.  The difference is not a few hundred dollars, as many here say, but more than a thousand dollars.  However, there is nothing wrong with this price correction.  Cryptocurrency cannot grow for a long time without such a correction, so the current relatively small drop in the market is quite logical.  True, the correction could still continue and end when bitcoin could drop to the $ 14,000 price level.  I would like the price correction to be completed quickly, since there are high hopes for Bitcoin to reach its previous price record this year.  The current long-term correction may disrupt these plans.

[gurunanakji777]

It's a normal movement of the market and it happens often So there is no need to worry. We all know the very well market moves on both sides whether the market is bull or bearish. I would say It's only a correction of the market but I won't say plunging.