Stock market crashing after almost a 2 yr bull run sheds 5.2 Trillion dollars
Though crypto seems to be rebounding, I am assuming that another big crash is imminent and fast approaching. Just like the two other corrections happened this year in crypto market which seem to line up with stock crash, its most likely that current stock market crash is going to hit the crypto market once again and this time it could a hard hit.
Though a 40 to 60% correction seem normal for a bitcoin price, this time it could take a big plunge could even go below 3000$ mark. Well some critics are even predicting the bitcoin to drop as low as 1000$. If such a thing were to happen, I would leave what would happen to the crypto market to your imagination. From my perspective If it really happens, then i would assume most altcoins with no proper value proposition and solving really utility problem would value down to 0.
Please exercise caution before investing in crypto.