Global markets have been falling since Friday, and the declines deepened even further on Monday. Crypto markets were also affected by these declines.
While Bitcoin fell below $ 50,000, STEEM fell to $ 0.123, then recovered slightly, while Bitcoin returned above $ 55,000, STEEM returned above $ 0.15. Bitcoin is currently trading at $56,024, while STEEM is trading at $0.151. It is noteworthy that they have recovered over 10% after sharp declines, which also shows that they have strong support against further declines. Personally, I believe that these declines cannot last long and I believe that they will regain what they lost in the coming months. We'll wait and see.
This is not investment advice, it is just my personal prediction and predictions may not always come true, please do your own research before investing.