Crypto Market #1 | The Market Crash!!
We must know that cryptocurrencies are volatile which means the price can rise and fall sharply. The cryptos can be left with less money than you put in and remember always, you should never invest money that you can't afford to lose.
Top 10 Cryptos Prices going down at 10%
This crypto market dip is not that bad in my opinion, the increasing demand on cryptos would make go up the market on the couple months later on, more people is getting into cryptos, more demand of cryptos will be going, more demand will make the price go up on certain cryptos. for a long term it would be better, now that the markets is going down is better to buy on the dips to get profit to a long term, of course there is some fear in the markets right now with the Biden administration discussing some new tax laws .
Dramatic Round of regulations seen coming for cryptocurrencies
So the volatility on the markets could definitely continue specially if there's more bad news and fud revolving around regulations and tax laws, that could definitely cause more panic and cause the market to dip a little bit further, it will be on a recovery thought. Take this as an opportunity to pick up some smaller cap cryptocurrencies at majorly discounted rates right now
The Price of Bitcoin is going down below 50,000
The price continue going down after fall from 56,000 in the last week. The price follow the news in USA, hours before the President Joe Biden said to propose increasing taxes for the wealthy on capital-gains by 100% more that the actual.
$500 Million worth-of bitcoin have been liquidate over the past days and the Turkey's central bank decide to ban the use of cryptocurrencies purchase
Bitcoin fails $50K after Biden floats doubling capital gains tax
The Dogecoin
Dogecoin it pumped over 500% something that is not normal on the cryptos, we learn on Doge is an important lesson on supply and demand.
Actually on the day 4/20 the #Dogeday on twitter most of the Doge holders take out the profits, now Doge is down at 20 cents(look at the image).
I believe Doge will find a new support level it will steady out for quite some time go sideways and the eventually it will have another pump cycle like the previous.
We had one Pump when Elon musk Elon Musk first started talking about Dogecoin heavily
I do believe Doge will level out somewhere higher from 15 to 20 cents just for a while like the last one peaked out around 5 to 9 cents, Elon musk stated dogecoin would have his full support, he's definitely going to be hyping in the future, specially if he literally takes dogecoin to the moon #DogecointotheMoon like he said he would. The possibility of dogecoin hitting a dollar or least getting to that 90 cents range
"It doesn't matter what utility, team, vision a crypto has if there is amount of demand"
Ethereum All Time High
On April 22, Ethereum (ETH) reached a new all-time-high price of $2607 for the firs time in history of the cryptocurrencies, even when the crypto market is going down, Ethereum doesn't care and break the record on that day now is going down like all the market.
Disclaimer:
I'm not a financial advisor. You should always do your own research and make your own financial decisions. This Post is for entertainment purpose onlyIf you want to go into crypto here is some crypto wallets for trading: