Cryptocurrency Huge Down from ATHs. what will happen the next ?

[smartaction]

#Bitcoin -65.8%
#Ethereum -74.9%
#BNB -67.8%
#Cardano -85.4%
#XRP -90.9%
#Solana -89.8%
#Polkadot -87.9%
#Dogecoin -92.6%
#WBTC -66.6%
#Tron -72.8%
#ShibaInu -91%
#Avax -89.6%
#FTX -70.4%
#CRO -87.7%
#LTC -89.7%
#Chain -24.9%
#Polygon -85.9%

Information posted my Watcher.Guru https://twitter.com/WatcherGuru/status/1536369486152060930?t=iEd5355q_Gl1MR8uNB-xKA&s=19

Cryptocurrency is now in a big crashing. And whole crypto marketcap now under $1Trillion. What will the next? and How long do you think it will take for the market to recover?

[1714693555]

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[1714693555]

1714693555

[tvplus006]

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#Chain -24.9%...

Of all the coins listed by you, Chain surprised me the most, the price of which decreased the least from its ATH. After checking the charts of coinmarketcap, I see that the maximum price of this coin was at $1.03. Now it is trading at a price of $0.027. Thus, the Chain coin lost 98% of its value from ATH.

[Nrcewker]

This is not happening for the first time I guess?
When Bitcoins were around 20k usd, it once went down to 3k usd and they again it started recovering.
Same is happening now.
I would suggest all the members to not panic and show some patience.
Give some time to market and wait.
Once Bitcoins start gaining the pace and rise in price, all altcoins will also follow it’s lead.
In the meantime buy as much as Bitcoins if possible and wait for the market to skyrocket.
Hope everyone will make good profits when this bearish season ends.

[Leebabe]

The market is bloody. We don't even know what part or year of history is repeating itself. Hopefully this might just be a sign to the end of the bearish season.Buy all you can if you have the funds but also know that not trading at the moment is also a form of trading especially for those who have their funds stuck in other alt coins , even in BTC. Alts do not respond immediately like BTC but will respond with time

[blockman]

Cryptocurrency is now in a big crashing. And whole crypto marketcap now under $1Trillion. What will the next? and How long do you think it will take for the market to recover?

Next is unknown whether it will stay for longer just as how it went in 2018. I'd say that expect the worst thing to happen during this crash and we don't know how long it will be there.
Just as what we've been doing and got used to, we better follow what just the market is showing. If we're on a bear market, then be it and accept that it will take a long time before it finally recovers if your standard and price ceiling is the one on its ATH for all of the coins that you're holding. And that's gonna require us a lot of tolerance.

[$crypto$]

No one knows when the market will recover but usually the recovery process is quite long because the bears have destroyed some investors' confidence.
We are a little worried because the portfolio experienced a large decline in assets, I was late in selling when the price had gone up, but the only thing was to hold it for an indefinite time, but in the crypto cycle after a bearish bearish there will definitely be a bullish we can only wait who knows when it will decline will end.

[Untomabur]

what happens the next is that we can only watch this bear market,
if we already hold it and don't sell it at a high price, then of course we can't do anything, and if we force it,
it will also be detrimental, so hold and hold until the market back bullish, and don't make the mistake again

[iv4n]

Some of us expected this to happen! And I don't think we hit the bottom yet! Simply it's what crypto is doing for years, and I am not surprised by this situation! I believe it will be an even worse slaughter before it gets better! I probably repeated this sentence a few times in the past months!

What will happen next is that we will see redder than green days! I think we will see one or two big drops again before we see bullish periods that will push the price to the next record! So we speak about the next two years that will be crazy when it comes to fluctuations, where prices tend to have downtrends more than uptrends!

This is a good buying opportunity, but I guess we will see a better one!

[Oilacris]

Cryptocurrency is now in a big crashing. And whole crypto marketcap now under $1Trillion. What will the next? and How long do you think it will take for the market to recover?

A question which is something that cant really be answered by anyone on this market because this would be a never ending kind of scenario on this unpredictable market where everything could really crash.

Expect the unexpected and this should really be in your mind whenever you do make yourself get involved with crypto space and come to think that even traditional markets are experiencing such declines.

So there's no exception to this one but rather instead of panicking out then it would be nice if you would seeing these chances for you to get cheaper coins.

[molsewid]

what happens the next is that we can only watch this bear market,
if we already hold it and don't sell it at a high price, then of course we can't do anything, and if we force it,
it will also be detrimental, so hold and hold until the market back bullish, and don't make the mistake again

We've been like this before, there's nothing new to this. Many people will surely sell their holdings but some will still hodl like us. I opened my social media account yesterday and I saw some comments that they will leave crypto because of this bear market and it is no longer profitable to them. This bear market is very painful but we need to stay stronger.

[Yamifoud]

Oh, I was wrong in saying that Bitcoin will never fall below $25k. I could say now that this is the real bear season that people are waiting for and some are getting afraid of. The sudden huge price dive may be because of the issue with the US banning Bitcoin mining and market inflation. It is how sad to see the huge impact of that thing causing panic selling.

“The crypto market has been under pressure from the Federal Reserve, hiking the interest rates to combat inflation over the past few months. Bitcoin, Ethereum, and most cryptocurrencies suffered losses over the weekend after a broad sell-off following the data showing US inflation hitting a 40-year high,” said  Edul Patel Co-Founder and CEO of crypto investment platform Mudrex.

source: https://www.financialexpress.com/digital-currency/crypto-crash-reason-6-13-why-is-crypto-crashing-today/2558313/

Kinda be saying there is no perfect prediction, all of a sudden this makes it happen and everything has changed.

[TimeTeller]

Oh, I was wrong in saying that Bitcoin will never fall below $25k. I could say now that this is the real bear season that people are waiting for and some are getting afraid of. The sudden huge price dive may be because of the issue with the US banning Bitcoin mining and market inflation. It is how sad to see the huge impact of that thing causing panic selling.

“The crypto market has been under pressure from the Federal Reserve, hiking the interest rates to combat inflation over the past few months. Bitcoin, Ethereum, and most cryptocurrencies suffered losses over the weekend after a broad sell-off following the data showing US inflation hitting a 40-year high,” said  Edul Patel Co-Founder and CEO of crypto investment platform Mudrex.

source: https://www.financialexpress.com/digital-currency/crypto-crash-reason-6-13-why-is-crypto-crashing-today/2558313/

Kinda be saying there is no perfect prediction, all of a sudden this makes it happen and everything has changed.

For those who were saying before that they missed out the opportunity.
Now, is a good time to reflect and contemplate on what to do with this market situation.
Because if you think you are presented this another great opportunity to get in, why not start collecting some satoshis and other valuable alts?
No one can exactly predict if we will continuously go down or up, but you can always follow your instincts.
Anyone can make their list of why we are crashing today, but what are you doing to improve your own portfolio?

[sheenshane]

What will the next? and How long do you think it will take for the market to recover?

No one really knows and even those claiming themselves masters of prediction can't tell the accurate prediction.

But one thing the I'm sure, this isn't new in the crypto market, there was a huge crash before when the Bitcoin price hit $3k on the market but after how many years there's a recovery and even hit a new ATH and I think it seems it's a relevant scenario.

To avoid mass FUD, just don't panic and hold your crypto assets as long as you can.  This is pretty normal and that's how volatility works naturally in any cryptocurrencies.

[gianlamin11]

Its just repeating its history repeatedly, so i dont have any worries about the downtrend, as an investor its a great opportunity to invest now rather then waiting for its recovery and sitting doing nothing in this bear market will regardlessly make you feel regret for not buying such cheap price, as of investor myself in  2017 i have seen such things and nothing really change you can still enter this market  and will still be early to adopt crypto.

[Jatiluhung]

Cryptocurrency is now in a big crashing. And whole crypto marketcap now under $1Trillion. What will the next? and How long do you think it will take for the market to recover?

conditions will improve if global economic conditions improve. This has to do with fiat money being messed up. Not just in crypto but the whole field. Even from 1 month ago many analysts predicted btc to 21k. then I think this will no longer be a surprise to those who follow the news constantly. if you look at the monthly chart then hopefully in August market conditions will rise again.

[Hamphser]

What will the next? and How long do you think it will take for the market to recover?

No one really knows and even those claiming themselves masters of prediction can't tell the accurate prediction.

But one thing the I'm sure, this isn't new in the crypto market, there was a huge crash before when the Bitcoin price hit $3k on the market but after how many years there's a recovery and even hit a new ATH and I think it seems it's a relevant scenario.

To avoid mass FUD, just don't panic and hold your crypto assets as long as you can.  This is pretty normal and that's how volatility works naturally in any cryptocurrencies.

To those people who are claiming that they do know on where price could head up then its just fraud.No one on this world has the power to know the future  which is impossible.
We do see this crypto winter and this isnt the first time that it do happen into this space which basically means that it could really happen on some time and now is the time.
Prices are dropped 80% or more which something that could really make you scared and checking out your portfolio isnt really that a suggested thing to be done.
It would really just make you panic.

[Rengga Jati]

Cryptocurrency is now in a big crashing. And whole crypto marketcap now under $1Trillion. What will the next? and How long do you think it will take for the market to recover?

This is the era of the Bearish market and I think that this crash will not end here. There is still a possibility to crash again until it reaches the dipping price. Although no one will know how much exactly the dip will be in this bearish season. This is likely still in the cycle of the bearish-bullish market, so no need to panic. We have been experiencing this several times. Moreover in 2018, the market was also the same, like this. I also still hold several coins that have been dropping very significantly, none to do right now besides waiting for the next bullish era. Yeah, I believe that after this bearish market, the bullish will come again. But we must be still very patient because the bullish market will not probably come in several months later, but years. Commonly it will be starting after the Bitcoin halving if we see the graphic so far. But once more, this is a crypto market where there may be some certain possibilities and surprises.

[Bitcoin_Arena]

...
#Chain -24.9%...

Of all the coins listed by you, Chain surprised me the most, the price of which decreased the least from its ATH. After checking the charts of coinmarketcap, I see that the maximum price of this coin was at $1.03. Now it is trading at a price of $0.027. Thus, the Chain coin lost 98% of its value from ATH.

I think you might have got the coins mixed up. OP is probably referring to ChainLink which is trading at around $5.7 at the moment. OP's data is also inaccurate in terms of percentage loss from all-time high as Chain Link as at 90 according to hbtcath.com

The downtrend is likely to continue further until most shitcoins die.

[GreatArkansas]

(.....)
Cryptocurrency is now in a big crashing. And whole crypto marketcap now under $1Trillion. What will the next? and How long do you think it will take for the market to recover?

I already expected this before especially when Bitcoin managed to drop below $40,000. Altcoins are the most devastated during these dumps.
Talking about the market recovery, the worst for me it will take years. If we follow the cycle, I am expecting it will recover months before the bitcoin block halving which will be in the year 2024.
Just take note that these bloody market is not only on cryptocurrency market but on others too, like stock market.

[LouVandetta]

Cryptocurrency is now in a big crashing. And whole crypto marketcap now under $1Trillion. What will the next? and How long do you think it will take for the market to recover?

No one knows what's next per se, but I'm pretty sure that this is just the beginning, and we're still gonna have to a wait a bit longer before the crash ends, hopefully I'm wrong tho. Since this is not the first time we're facing market crash this big, so I guess it's no surprise for those who have experienced it before. At the moment bitcoin price is already reached $21k, seems like it's still going down and alts likely will also suffer more from the crash which already happened and we're seeing red everywhere. At least, try not to panic, downtrend like this is bound happen sooner or later and not only once or twice it's going to happen a lot more in the future.