Crypto market update ✍️

Good evening to all my friends. I hope you all are doing well. I am having a fantastic day. Let's talk about crypto market. I'm sure you're all feeling tense and wondering when the Bitcoin bull season will arrive. You might even be feeling like the struggles will never end. I completely understand what you all are going through, as I'm going through it too, along with the entire crypto market. Since the second week of January, I expected the market to rise, and it did, reaching around $94,000–100,000. However, the market then dropped due to various negative news affecting it. Some of the major reasons for this drop include negative comments from the SEC Chairman regarding crypto and Bitcoin, a potential legal issue for Trump that could cause market uncertainty, and concerns about 69,000 Bitcoins being released by the US government. On top of that, there were rumors of a new COVID strain in China. Furthermore, large ETF players like BlackRock and Fidelity suddenly started selling Bitcoins instead of buying them, adding more negativity to the market.

Despite these factors, Bitcoin has held steady around the $94,000–93,000 range, showing some resilience. But, as always, there will be ups and downs in trading. The key takeaway here is that the big investors have a plan and will continue to hold their positions through all the market fluctuations. I am still very bullish on the upcoming bull season, even though it's taking a bit longer than expected. My advice is not to exit the market right now. This could be a great time to hold strong. I’m personally not focusing much on short-term buying but waiting for the next rally to kick in. That's it for today. Thanks & have a good day!!