The first quarter of the crypto market was very good because we saw Bitcoin and Ethereum prices going higher. We have also seen the Bitcoin spot ETF approval which was a big achievement and post that Spike was also witnessed in the Bitcoin prior because it created more demand and thats why prices have gone up.
Now this month we can see some correction on going in the market and I think this is the normal pattern of the market because we cannot expect prices to go up every time. No market can continue to grow because if that happens then surely there are some factors which are involved and it can be the result of some manipulation. Correction is required because this is when more people can buy the inventory and even it is the situation when many new investors also enter the market so it is needed to have a balance between the existing and new investors.
Here I'm sharing a list of the top 10 coins according to market cap and you'll be able to see that in the last day and even one week the prices have gone down however if we look at the monthly view then also these prices are down it shows that correction has been ongoing for quite some time. Now if somebody is holding the funds then I think it can be a good opportunity to make an entry into the market because now things can be more profitable but it is hard to predict how things will be since I have also done my crypto shopping a couple of weeks back.
Thank you so much for stopping by and if you like my content, please vote and share your thoughts in the comments section.
10% beneficiary to Tron-fan-club