Bitcoin went in a few days from nearly $72,000.00 all the way down to nearly $60,000.00 three days ago. Hectic times indeed, we could see no bottom to this and as for the reasons, well we had it was because of the ongoing wars, economic crisis or even the Bitcoin Halving. What most frightened me was the overall crypto market cap going down to 2.3 Trillion USD.
But we fast forward three days and all of a sudden Bitcoin is standing at around $65,000.00 USD, the crypto market cap is above 2.5 Trillion USD, and there is now a feeling of optimism. The halving must have happened by now, I really don't follow crypto news, but I think its effect has not been felt yet. I think right now the market is just controlling itself.
Any big moves, good or bad I think will be seen on Monday. I have a feeling things will look better then and Bitcoin will continue edging closer to $100,000.00 and we will see a 3 Trillion USD crypto market cap.