Are you panic selling? Read this✍️

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. Friends, after a major market dip, recovery usually takes months, but a sudden event can cause an instant crash, as we've seen in the last 24 hours. In both the stock and crypto markets, there has been a sell-off. Altcoins corrected by 15-20%, and Bitcoin dropped by 5-6%. So, why did this happen? Yesterday, U.S. job opening data was released, and it caused the market to dip. The data for November 2024 showed 8.1 million job openings, higher than the expected 7.7 million, indicating a strong economy. However, this also suggests that the Fed might not cut rates as expected. This fear caused the market sell-off.

Despite more job openings, hiring rates dropped by 125,000 in November compared to October. This could signal problems, as companies aren't hiring as much, despite having more job openings, which may raise the unemployment rate. Negative data impacts U.S. stock markets first, and since crypto follows traditional markets, crypto is affected too. The crypto market sentiment is currently neutral, while U.S. stocks are still in fear, reflected by the Fear & Greed Index. In times like this, investors worry about how much further the market might fall. But historically, after a crash, the market recovers within a few weeks. The key factor to watch is whether the U.S. continues money printing, as it can drive market movements. That's it for today. Thanks & have a good day!!

@abfarhan