Bitcoin Break down 38000$ : Russia Propose to Ban CryptoCurrency and Mining

about 2 years ago

BAD News for Crypto Users and Crypto Family,

Bitcoin Trading Below 38000$

we all know there are important support and resistance level when you take any trade in market.

Yesterday Bitcon pump upto 43000$ and People and trader were expected as now may be bear market are going to be slowly vaishes but then sudden news came late night and we found and observed a crash all around crypto market.

BTC break down.PNG

ETHEREUM BLEEDING TRADING Below 3000$

With respect to Bitcoin the second Major component of Crypto Market also start bleeding heavily and crash down to its major support level of around 2800$. If it broke down with volume we are expected to see new down level around 2400$.

btc 3.PNG
source
But at this juncture still Crash and fear is at all time high and investor are finding and suggesting more blood bath may possible in market as liquidity is very less in Bitcoin and option position will become close this week.

Impact on HIVE ecosystem

We found this impact on on Hive Price as well and all other altcoins and dapps price sudden crash in between 20-30% in most of the altcoins and major cryptos in Market.

SPS TOKEN CRASHED

The major #dapp on hive ecosystem is #splinterlands and its Native token is SPS which also crashed almost 60% in this down trend.
Its Price came down rom 0.40$ to 0.0129$ currently.

Hive also got sudden Crash and now trading within the range of 1$.

MarketCap

Market capitalization

Crypto Market cap which became more than 3 trillion dollar economy. Now came back to 1.8 trillion$ and it puts set back to lots of Project as they are waiting to get funds from big investors and want to hedge there tokens.

As the market going to get on crash mode these funds are in big pressure as well to sell assets or choose to provide leverage at for longer term to companies.

TOP 10 CRYPTO CURRENT COINS

btc 4.PNG
[source] (https://coinmarketcap.com/)
On other side of Markets lots of fundamental improvements are going on as well as lots of Strategic Partnership are building and potential technical usecases are increasing in Metavese and WEB 3.0

NOW Whats your stands on Market.

Let me know in comment section.

Predict the Price of Bitcoin.

RIGHT TO START INVESTING IN MAJOR CRYPTO CURRENCIES AND NFT MARKET

This is a right time to take call and start investinf in slot new fresh money If you find any potential value in any project in long term you will be very good to earn high return.