As too many institution are now involved in crypto market makes it more volatile. You may have seen after SEC the market is getting more volatile and prices are fluctuating very quickly.
The strange thing is that #BTC is not moving too much but altcoins are suffering alot. Except Bitcoin and Ethereum all other crypto coins are falling and rising with the little movement of Bitcoin.
Sometimes I think with myself that if in case the market keeps on coming down and #Bitcoin reaching the price of $45K where will the prices of other crypto coins.
Where will be #hive #sand #ada #dot #matic and other coins. Sometimes I think that many of the crypto coins will go to zero.
The recent dip of Bitcoin from $72K to $67K bring the prices of altcoins down to more than 30%. Bitcoin only came down by 4%.
This really makes worry many investors and those who are holding altcoins. That is why I always talk with you guys that this bull run will be different and the favorite coins will be Bitcoin and Ethereum.
There will be only least altcoins which have performed yet while other coins are now again reaching its all time low.
Investors might be looking for a chance to exit from the market but what if it is not given. The recent approval of ETF is no doubt a good news and has involved many large companies.
But on the other hand the market volatility has also increased.
What do you people think about this bull run, will altcoins will rise in price? Will be glad to see your answers in the comment section.
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IMAGE TAKEN FROM CANVA
Thank You!
Best Wishes.