In the last 12 hours the crypto global market capitalisation has reduced by -7%, bringing it to $3.5 trillion.
Bitcoin as well as many other crypto currency assets had face a lot of downtrend since last week, dropping bitcoin from $104k to $94 in just few days. Alt coin had taken their share from the downtrend keeping most of them from -10% to -30 % in 5 days
Make market makers, institutional traders, companies, government, and other private investors always seize opportunities in the market to get in early.
We are in the festive period where many people will take out funds from the market to enjoy their holidays. There is a little bit of sentiment there so the market will definitely retrace back as whale sell their bags
What to expect in January....
Next post coming soon........