Reason could be verious and don't know which reason is mainly responsible for this situation or it also possible that all reason effects crypto world and that's why it dumped a lot. Even yesterday it was in recovery mood but today i got notification from my wallet, altcoins start losing their value again. Having could be an issue. Even war can be also responsible. That's why need to careful before entering market for investing or trading in cryptocurrencies
We have been hearing diverse speculations concerning the recent sentiment from the market as we experience the recent correction, though many believed that such was as a result of the breaking new concerning the attack made on Israel, but the market remains ever volatile and we cannot avoid to do away with having the incident of breaking news in the economy, not even now that we are more closer with halving, the remain more volatile.
at least this is not about the war that makes the market falling instead this is about the correction
and the normal effect of Bitcoin halving , things that we have been witnessing for many years now so if ever
we will experience a so much dumping then for me this is expected lol .
I'm amazed and bullish for Bitcoin right now as you can see, from an all-time high of Bitcoin which is from around $73,000 and dropped a few days ago to below $60,000.
But it is always bouncing above $60,000. I can really feel that we will still go back to an all-time high because of these bounces every time Bitcoin drops.
I can consider what happened was totally correction, it's not only on cryptocurrency market we experienced the recent dumps.
and it is also amazed mate that the price of bitcoin recovered from 60k now up to 64k again.
this really made us thinking over and over what is really happening .