Have you every expected such a huge dump in crypto market? To be honest, I am still shocked with seeing such a huge blood bath. Investors are crying, they are afraid of their investments and totally confused what to do. Around 800 Dollars liquidated in just 1-2 hours. This is insane, this is unrealistic.
It was midnight according to my timing, I was in deep sleep, Bitcoin reached $102K, #hive reached $0.037 and Atom was almost $0.003. These are the numbers which is unbelievable. When I wake up in the morning, checked the prices, it shocked me seeing majority of the coins dropped by more than 60%.
At first, I thought there must be a war started between some strong countries which shake all financial markets. I kept on finding about the real news and at last I got that #Trump was the main reason for this crash. He just tempted China, imposed 100% Tariff and what was the reaction?
China sold all of the BTC they bought, they just boycott from crypto market and that was the main reason I found for this heavy crash. $800B evaporated in just a few hours, many people have lost their wealth, people are upset, some are tempting for suicide and many more. That is why it is always advised to invest only the amount which you can afford to lose.
US president started trade war with China which shook global markets and brought heavy volatility in the market. Some times ago the trade war was over between these countries and we also its good impact on all financial markets but its still not ended and the war has become more intense.
What could be expected in the future? Will the price be back to normal position? According to my analysis, it will not get recovery until Trump lifts back the tariff or they holds talk back and negotiates about the worse situation regarding trade war.
$800B Vanished in Hours
$800B liquidated in just few hours.. Some low liquidity coins plummeted to zero and the fake projects just vanished. I think its the historical crash of the crypto market ever. Its not only happened with Crypto but stock market also suffers. GMCI index crashes 13%, exchanges halted for some times. Binance stated that "Funds are safe but system is low"
That was Tsunami in the crypto market which liquidated many accounts, strong coins just plummeted downside and low market cap coins plumetted to 0. Trump coin also crashes which comes at its all time low position.
What can we expect from this heavy crash? Is crypto winter coming? This is a question which will remain unanswered. No one knows what will happen next... Where had the altseason gone? Do we even reach back our buying levels? No one knows, only time will tell.
Crypto turns into a bloodbath. We have no other way instead to hold our coins and wait for the better situation. I dont want to sell my holdings at such cheap price rather will wait and bet my wealth either to get recovery back or more losses.
What do you people think about current market crash, are you safe? Who are the ones who invested in coins at lower prices? Was my post informative? Share your review in the comment section so that the next post even more better.