It's a sea of red whenever one looks at the cryptocurrency market these days. Pretty much all major coins lost in value over the cause of the last few days and it seems like there would be no end in sight or better said no new rally like we've seen it in December.
Of course it could just happen again from one day to another but in my opinion even the current consensus conference might not create any major fomo. People got cautious and tend to sell quicker than before as I guess that many fear further losses compared to their portfolio values back in December.
Sure it really hurts and I guess that pretty much everyone who didn't take any profits back then is quite butt hurt these days. But let's not forget that all analysis and prognosis out there are massively in favor for Bitcoin to reach new all time highs, which would mean pretty much the same for all other solid tokens.
That being said, I'm not really bearish on crypto right now but not that bullish either. I guess that we'll move sidewards for some more time between 7 & 10k USD before some significant outbreak into the one or the other direction. But after all, what do I know. It's all just pure speculation :P
What's your take on crypto these days?
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