It looks like the current situation in the crypto market is not favourable for a lot of people, and we don't know when we're going to witness the rally in the altmarket. It might take time, which is obviously what many people believe, but still, we don't know when we're going to see it happen and how much time it'll take. However, in between, we are coming across many situations when the market is going down and down.
For example, this time the market is down again, and we can see Bitcoin going below 110K US dollars. Overall the Bitcoin has not shown a bigger dump on its price, but the altcoins are surely impacted, and as of now, it's not known what the reasons are behind why it is happening, but it surely looks like there is a lot of fear in the market, which is why the market is not recovering.
The question about bull run cycle is still there where a lot of people are questioning that when we are going to witness the bull cycle this time and looks like either it is going to take some time which might be a few months more Or maybe things are not going to be the same that we have experienced in the past when after every four years we were in the bull cycle.
If you look at the snapshot I provided, then you'll be able to see that there are very few coins that are available with green colour, and even if you can count on those numbers using your fingers, the majority of coins. Would love to know what other people think about it, so appreciate it if you can share your thoughts about the current market and how you look at the heat map, which is currently a situation in the market.
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