Do you think crypto prices will collapse further tomorrow?

[tyz]

Yesterday and today, the Bitcoin price and crypto prices in general moved rather sideways. However, it is now known that crypto prices behave similarly to stock prices. Since the futures for the S&P and other indices are currently trending much more negatively, it is feared that because of the new Corona variant, the stock markets will continue to slide tomorrow. Do you think that crypto prices will therefore also continue to lose tomorrow?

[Kavelj22]

Yesterday and today, the Bitcoin price and crypto prices in general moved rather sideways. However, it is now known that crypto prices behave similarly to stock prices. Since the futures for the S&P and other indices are currently trending much more negatively, it is feared that because of the new Corona variant, the stock markets will continue to slide tomorrow. Do you think that crypto prices will therefore also continue to lose tomorrow?

As bitcoin is still above 55k$, the market seems to be in a healthy situation. It's not the bear though.
With the start week, i think the prices will refresh. I don't think the impact of the new variant will last for that long, as we know from last lock-up how crypto got the good result from people looking for a cash-less system to do daily transactions. Corona is good for crypto

[beerlover]

I would say it is not looking great, being finally under 55k seems to be doing a trick on everyone right now. However I am not that desperate neither, I feel like it is totally possible to get better as well. Hopefully we will do a lot better in the future, but right now it could get a bit worse first.

Let's wait it out, we all know that bitcoin could have bad days but then it will get better, it has always been that way and I believe the same will happen now as well. Sure it could get a lot worse, who knows maybe go down even under 40k, but we also know that 70k+ will come as well, even 100k+ will come. Sure maybe it won't be right around now but it will surely happen. This is why even though I am not hopeful about the near future, I am quite hopeful about the long term. That is how I can sustain a bit of a relaxation even when prices crash like this.

[GbitG]

Yesterday and today, the Bitcoin price and crypto prices in general moved rather sideways. However, it is now known that crypto prices behave similarly to stock prices. Since the futures for the S&P and other indices are currently trending much more negatively, it is feared that because of the new Corona variant, the stock markets will continue to slide tomorrow. Do you think that crypto prices will therefore also continue to lose tomorrow?

With the start week, i think the prices will refresh. I don't think the impact of the new variant will last for that long, as we know from last lock-up how crypto got the good result from people looking for a cash-less system to do daily transactions. Corona is good for crypto

Most chances now this trend is going to change for positive because this new variant is having just in very few countries and world already doing some better things for controlling this all even now many questions are already rising due to failure of vaccine and many other impacts, but now we need to be more careful. Now we are heading for December which is very good and important for bitcoin and crypto, hopefully this will have some better trend, and we will not collapse tomorrow.
After first experience now media is also doing some better not like we have them in start of this Corona which was terrifying from them around the world for their own sack.

[coin-investor]

Bitcoin at $56k is still good the market has done great the whole year, the fact that Bitcoin's old record was broken for a long time, the market is very robust the whole year volume is very high on the top coins in the market, made a decent profit this year on surprisingly new coins, the market is still great and I believe it will continue in the first quarter of next year.

[blockman]

Do you think that crypto prices will therefore also continue to lose tomorrow?

I guess we've got an answer already. Bitcoin came back to $56k just as easy it always been. The market has followed the leader again and most of the alts are all green again.
This is the great thing about bitcoin that it's always been the pusher of the market when it goes green. And when it goes red, everything falls and there will be some alts that can no longer be the same as the move with bitcoin after it recovers.

[Yogee]

It's a mix of greens and reds in the last 24H.

I haven't followed covid news for a long time. Has people started panicking again and started selling their port for fiat to buy their groceries? I thought the millions of vaccines is the answer hehehe. I don't now but people are probably tired of this virus and we won't see another crash when it was first feared.

[Yamifoud]

Yesterday and today, the Bitcoin price and crypto prices in general moved rather sideways. However, it is now known that crypto prices behave similarly to stock prices. Since the futures for the S&P and other indices are currently trending much more negatively, it is feared that because of the new Corona variant, the stock markets will continue to slide tomorrow. Do you think that crypto prices will therefore also continue to lose tomorrow?

We'd rather see red on the market and most of the coins are in big decline but never I think that was because of the new Covid variant that appears. I don't weigh that much and think that will be the reason as we are still healthy even during the covid-19 crisis. There is another reason that it causes this decline that we need to know or that we called "normal" market corrections.
The price of Bitcoin remains $50k (currently at $56k), so it wasn't a thing to worry about and we are still far from being in a bearish state.

[bhooscream]

Have you checked the market? You must know that the prices of all crypto coins seem to increase gradually. I think the correction is over, now it probably begins to go to the last pump before the bullrun ends. Just prepare our crypto coins, it may be the last chance for us to sell at a high rate. So, if considering the current market situation, I think tomorrow market will improve and start to have a positive trend again.

[V-t.Ester]

I don’t think that news about omicron is the reason to panic. Tomorrow prices on crypto can go down but in future this will definitely change. Did you notice an interesting trend during this several years: every time when governments say that covid situation is becoming worse and it’s time for people to go to sit in lockdown, prices on crypto suddenly goes up especially on BTC. If this trend will continue and soon we will face the new lockdown because of omicron  I think we will see new ATH of BTC and a lot of other coins. This is only my assumptions.

[Slow death]

the price of bitcoin has gone up again, this shows that it is not so dependent on other markets, this is an "alien" market, it is completely different, when the person thinks it will fall it goes up, when the person thinks it will go up he falls. predicting this market is a hard task, perhaps the manipulators are the only ones with the ability to predict the price direction

I don’t think that news about omicron is the reason to panic. Tomorrow prices on crypto can go down but in future this will definitely change.

the price went up, just like the last time they talked about a new variant or when they talked about the existence of this covid

[GreatArkansas]

It seems history repeats itself when the covid 19 started to spread last March 2020, take a look at how the price reacts. Dump on the day it announced, not only cryptocurrency but also the stock market and other markets too.
That's the time Bitcoin reversed after the hard dump, so this time, we are about to end the year and currently pump on 2 days before the monthly candle close, very bullish.

[Al Qiyamah]

Today Bitcoin is still showing an upward trend in the price of $57k and some altcoins as well. even if Bitcoin slides tomorrow but we will be able to see Bitcoin and other cryptos will print new ATH effects from the new variant of Covid-19 (learning from yesterday's experience) in fact more and more people are investing in crypto, and that gives a positive sentiment for digital currencies .

[yazher]

Yesterday and today, the Bitcoin price and crypto prices in general moved rather sideways. However, it is now known that crypto prices behave similarly to stock prices. Since the futures for the S&P and other indices are currently trending much more negatively, it is feared that because of the new Corona variant, the stock markets will continue to slide tomorrow. Do you think that crypto prices will therefore also continue to lose tomorrow?

As we all know when the market faces volatility everything can happen in a single day. Not only on collapsing but the price can also gather enough time to raise its price again. So, with this little time you have, you can make a decision to take advantage of the market if you are willing to take the risk as well. Of course, it's all about taking the risk here because when you got the price in the market sinking, you have the choice to enter the crypto market cause you know the price will be back again and might somehow create another ATH.

[josephdd1]

Yesterday and today, the Bitcoin price and crypto prices in general moved rather sideways. However, it is now known that crypto prices behave similarly to stock prices. Since the futures for the S&P and other indices are currently trending much more negatively, it is feared that because of the new Corona variant, the stock markets will continue to slide tomorrow. Do you think that crypto prices will therefore also continue to lose tomorrow?

I also think that trend is bearish now. First of all, crypto market was really overheated. Secondly, new Corona variant was found like you said, so I think that there will be still a correction on both crypto and stock market. So I am getting rid of altcoins. Nevertheless, I will continue holding mainstream currencies as well as I continue to do staking and yield farming.

[kidbounty]

Yesterday and today, the Bitcoin price and crypto prices in general moved rather sideways. However, it is now known that crypto prices behave similarly to stock prices. Since the futures for the S&P and other indices are currently trending much more negatively, it is feared that because of the new Corona variant, the stock markets will continue to slide tomorrow. Do you think that crypto prices will therefore also continue to lose tomorrow?

although there is no definite relationship between these two markets. but I think crypto has almost the same chart. So like you said, the crypto market could probably be worse than this. seeing the sideways situation in the crypto market at the moment, most likely it will happen.

[The Cryptovator]

No, I don't think. The stock and cryptocurrency market is totally different. We have seen previously even during a full wave of COVID pandemic Bitcoin was in a bull trend. This means the overall cryptocurrency market was a bull trend. It's because during the pandemic a lot of people lost jobs, some of them moved into the cryptocurrency market to make some money and spend lazy time. As a result, the market got a few new investors and start to move uptrend.

If Bitcoin dump I think it's as usual. The effect of the new variant shouldn't affect into cryptocurrency market unless people become panic. Panic sell is a huge problem in the cryptocurrency market. Panic could dump the whole cryptocurrency market, doesn't matter whether there is a new variant of covid or not.

[molsewid]

As we all know when the market faces volatility everything can happen in a single day. Not only on collapsing but the price can also gather enough time to raise its price again. So, with this little time you have, you can make a decision to take advantage of the market if you are willing to take the risk as well. Of course, it's all about taking the risk here because when you got the price in the market sinking, you have the choice to enter the crypto market cause you know the price will be back again and might somehow create another ATH.

Due to the volatility of the market it is inevitable that we could see an unexpected price correction from time to time. I think no one knows what's greatly affect the crypto market that most of the token are in a red candle for almost I think 2 weeks if I am not mistaken, for a risk taker this is the good chance to grab on and buying which token you prefer to buy but I think it would be good if it would be in the long term investment but if only buying and aiming for easily get a return of investment it's not the best option.

[Reid]

For me it's still in a good position. I don't know about other will think about it but $57k is not a joke amount.
I lack knowledge about stocks and I am not used at comparing that in cryptocurrencies. IMO, Bitcoin always has it's own way of moving the market.
Will it collapse further? Yes, it's possible and it's not just about the new virus. Consider the December month as a spending month and most likely a part of investors are already taking out their savings to buy the necessary things for gifts and preparation for food in the table for good luck in the next year to come.

[Gudhal Untu]

Anything can happen, the world is always evolving and changing unexpectedly, what is happening with cryptocurrencies today certainly makes many people believe the market will last for a long time, but we should never think that crypto will not crash, it's better to think realistically and immediately look for alternatives investment or income if the market drops.