The cryptocurrencyspace as a whole some currencies are obviously still in red but majority of them are seeing
massive red across the board cosmos down 26 percent down 23 over all very very ugly day
This was to be expected guys there are a couple factors uh that go into play why we're seeing this kind of pullback we're in the bull run we do see 20 to 30 percent dips that are very normal
We look at the bitcoin down on nine point three one percent that's a that's a big percentage for bitcoin or to drop and when it bitcoin drops that much all coins are gonna do or take a double hit and if you can see majority of the altcoins are taking double hits compared to bitcoin
Bitcoin dominance has been pulling up but in my opinion this is healthy because you know nothinggoes up but there's one major factor i believe is causing the cryptocurrency markets to bleed today and that one factor is the stock market A stockmarket bloodbath down
https://www.nasdaq.com/market-activity/cryptocurrency/btc
All three major indexes finished the day sharply lower the nasdaq closed down nearly five percent and the s p fell 3.5 while the dow finished 2.8 or 808 points lower so if uh latelyguys um you know i believe the stockmarket had the stockmarket has been soaring like there's no tomorrow at this whole year itself you know it's just going up and up and i believe this is very healthy in my opinion because and this is a very like it was about time
This was happened this was supposed to happen for the stockmarket but there's also the pandemic that is scaring people you know things are opening schools are opening people are scared so i believe people are you know scared that they might see what happened in march and the latelycryptocurrencies and you know what's it called cryptocurrencies and the equity markets the stockmarket
