A Review of What is Happening in The Market

over 3 years ago

Bitcoin to where --> Rise, fall, correction, or explosion?

In a short period of time, Bitcoin was able to break records, and in a few weeks, it was able to rise to its highest level in history, which is 42 thousand dollars.

Although Bitcoin has reached this great price, analysts are still a good opportunity to buy when Bitcoin reached 20 thousand dollars and broke its historical peak that it had previously achieved in 2017, analysts began to say that there is still a good opportunity and so on at 30 thousand.

But what happened to Bitcoin!

Bitcoin began a major decline, but it is not a normal correction, but rather a major downturn. When we talk about losing $ 9,000 in less than 48 hours, it really is a cause for concern.

Small investors who entered from the point of 42 thousand dollars began to panic and the red color increased to cover all digital currencies as Ethereum fell again to less than 1000 dollars.
And Litecoin has fallen nearly 20% ...

But a new point of hope

Hope began to return little by little now, as Bitcoin began to rise and reached 35 thousand dollars, which rose about 2000 dollars after its decline.

Likewise, Ethereum returned to the price of 1088 dollars.

Altcoin Season

It seems that the separation of other digital currencies, known as Altcoins, has not yet come, as the best digital currency other than the top 10 did not reach its previous peak, as did Bitcoin.

Amidst today's bloodbath, the ZEN rose nearly 11%, reaching $ 24.

We also saw a new currency that ranked 88th, namely the UST, which is traded based on the price of the dollar.

Hive coin

As for the Hive currency, hope began to gradually return after Bitcoin's rise, reaching 0.13 cents, but it seems that this slight rise did not last long, as it fell again to 0.119 after the decline of Bitcoin.

The strange thing is that the currency’s response to Bitcoin’s moves is only in the downside and does not respond when it rises. We hope the currency will perform well in the future.