Blood Bath in crypto market and opportunity to buy at cheap rate.

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Dealing with crypto market need strong nerves and heart. Today, blood bath observed in market as more than $ 160 Billion wipped has wiped out from the market in last 24 hours. Overall more than 8% dip observed in global crypto market.
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BTC alone has decreased $58 Billion market cap. Current BTC market cap is $812 Billion. BTC is currently trading below $43,000. 7.3% dip has observed in last 24 hours.

ETH recorded a dip of more than 10%. Current worth of coin $3,410. Interestingly today dip has decreased the influence of top two coins over alt coins. Tomorrow, top two coins market share was 59.7% and now today tehse coins have an over all market share of 59.4%. Top two coins have reduced 0.3% share of the overall market cap.

Overall red color dominance observed in market. Only stable coins managed to maintain worth. Only one coin in top 100 coin name APENFT has gained 5.9% worth in last 24 hours. Overall tough day for investors and today blood bath has already created panic in market.

Today dip also created opportunity for investors to buy at cheap rates. Is this the right time to buy coins. What is your opinion my friends?

This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.

Posted Using LeoFinance Beta

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12 comments
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It is no new thing that we will always experience inflation and deflation of price but the main thing is to hope for a pump in price.

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You cannot really predict what will happen next in crypto world, the best is just to seize the opportunity when you get the chance, buying the dip is always a good idea m.

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Yes hard to predict, and even buying at such time is risky too considering the market situation.

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True! One definitely have to be careful.

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I wish I had spare funds to buy the dip. Its indeed a blood bath but hodler are used to such things, the market has its own way of doing things but I hope things get back to normal.

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I have the same feelings. Let's hope for the best

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The current loss in the market is about 200 million dollars. But I think this will be easily compensated.

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I think you want to say 200 Billion USD. 200 million USD is just a peanut in coinmarketcap:)

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oh yes. Thank you for correcting my mistake. (:

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