Why Bitcoin and the most popular cryptocurrency face Bearish Trend and Cryptocurrency price Falls.
BITCOIN and Crypto Crash today
Bitcoin price Analysis:-
Bitcoin remains at major risk of decline as it breaks the support zone of $45000. The bitcoin Price is trading around $42,000.
There is huge downtrend can be seen in today's global Crypto market.
The Global Crypto market cap is $1.97Trillion.
Bitcoin Price decline below First support zone of $45000 and the other support zone of $43000.
The support zone forms at $42650, if the price continue to fall below this then there are huge chances of Bitcoin declining
If there is continuous break down even below $42000 then there are higher chances that Bitcoin price will go down below $40000 (roughly 300000).
Ethereum Price :
The price of Ethereum falls below $3200 with in last 24 hour.
You can check all Cryptocurrency price here
Why Cryptocurrency market crash today :-
It's not the first time that we are seeing decline, Bearish trend and downfall in Crypto market.
Not only the price of Bitcoin falls, but the whole Cryptocurrency market face crash zone.
Cryptocurrency market is high risk high Reward game.
- If there are chances of profits then there are also chances of Huge losses in crypto market.
- It depends on your research ,your information and your knowledge that when to invest, where to invest and why you are investing in particular Cryptocurrency token.
Let's talk about today's Crypto crash.
According to today's Crypto crash, the Crypto market facing huge losses. Many famous altcoins such as Ethereum, Polkadot, solana, Terra and famous crypto Bitcoin face downtrend.
The loss in Bitcoin price affects all other altcoins. The price of meme coins like Doge and Shiba is also in Bearish zone.
Reasons:-
Internet Access Block in Kazakhstan:-
- Kazakhstan has blocked internet access and the result is affecting whole Bitcoin mining.
- Kazakhstan is largest Bitcoin mining pool due to the protest and the situations of Kazakhstan, all internet access and media access has been blocked.
- Whole Crypto market depends, lives and works on the Internet. Trading, mining, Crypto transfer everything related to it is based on internet. Thus blocking internet access impacts greatly on cryptocurrency market as Kazakhstan counts for 18% of all Cryptocurrency mining capacities of the world.
Crypto Crash Panic State :
- The financial loss due to Crypto market crash faced by minors as well as traders from Kazakhstan. Many of them even lost access to their exchange account and may lost their capitals.
- Due to pressure fear and losses faced by investors, traders and Crypto holders, many of them sell their crypto tokens in panic state that results in Crypto market crash.
Covid and Omicron Effects :
- Another reason is due to the inflation and fear of covid and omicron.
- The pandemic affects the financial world greatly.
The Stock market , real estates, Crypto market can be seen as either bullish or bearish trend during Pandemic situations
US Federal Reserve's plan:
According to the Past reports, there is lots of ups and downs could be seen in the financial market.
CRYPTO CRASH GOOD OR BAD:-
Cryptocurrency market crash may be good and bad. Every situation has two consequences, similarly Cryptocurrency crash can be seen as good opportunity as well as bad for those who lost their money.
This might be even good opportunity for investor to take advantage of Crypto dips.
The CEO and co-founder of Mudrex, a global Crypto investment platform says "the past 24 hours remain Bearish day after Bitcoin lost its support level at $43000"
Crypto experts giving shoutouts to the investors who can take benefit from the dips and buy Crypto.
According to the whole situation that Cryptocurrency market is facing, it is not clear when the Crypto market will recover.
I am not giving any financial advice. Invest your money According to your research and knowledge.
Is this Cryptocurrency market crash is beginning of bearish period? What's your thoughts about Crypto market Today.
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