The total market cap of all Cryptocurrency is now over $500 billion. Bitcoin dominance is 36%. This indicates the volatility of the crypto market. Just a weeks before, the market cap was under $350 billion. Currently, Bitcoin is 4% up and trading at $11k. Look at the upward chart from Coinmarketap.com
Crypto market is volatile but we should not lose hope. One week before, It seems that Crypto market is going to have long-term bear market. Currently, No Fud is working. Just a few weeks before all the bad news impacting the market. South Korea Cryptocurrency exchange ban, EU Crypto strict Crypto Regulations, Indian bank's Cryptocurrency allergy, Chinese strict regulation on Cryptocurrency including Crypto mining. one after another all the bad news harmed the market.
The moral of the Cryptocurrency story is that we have to believe in Cryptocurrency. Cryptocurrency is the future
Some experts believe that Bitcoin price will be $50k at the end of this year and the total cryptocurrency market cap will be over $1 Trillion. I think this is the problem for Cryptocurrency and bitcoin in General. When market starts to move in a positive direction, experts start to predict the future price of cryptos and bitcoin. Overspeculation is not good at all for investors.
What do you think of Cryptocurrency and Bitcoin in general? What is your opinion on the future of blockchain technology? I am expecting comment from you.
Thank you for taking the time to read this post. Your comments and upvotes are highly appreciated.
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