Altcoins Talks - Cryptocurrency Forum

Learning & News => News related to Crypto => Topic started by: sirty143 on November 17, 2021, 10:48:13 AM

Title: Crypto Markets Shed Billions Overnight — Analyst Says ‘Drawdown Normal’ and ‘Bul
Post by: sirty143 on November 17, 2021, 10:48:13 AM

(https://i.imgur.com/QnYv4uWm.jpg)

Cryptocurrency markets have dropped significantly in value during the last 24 hours as the entire market capitalization of all 10,000 crypto assets in existence has dropped below the $3 trillion mark to $2.77 trillion on Tuesday morning (EST). After tapping $66K on Monday, bitcoin’s price slid below the $60K handle to a low of $58,563 per unit. After the steep fall, bitcoin’s price has recovered some losses, rising back above the $60K range and has started to show some consolidation. See more for yourself here (https://news.bitcoin.com/crypto-markets-shed-billions-overnight-analyst-says-drawdown-normal-and-bull-market-structure-still-intact/).

Your opinion is greatly appreciated.

Title: Re: Crypto Markets Shed Billions Overnight — Analyst Says ‘Drawdown Normal’ and ‘Bul
Post by: TomPluz on November 17, 2021, 12:03:33 PM

This is quite normal with the cryptocurrency market. In the past, there had been more dramatic volatility resulting into the step-in of the bear market yet eventually we made through the rain, the fire and the sea to where cryptocurrency is now positioning. So a little dip can be expected as growing non-stop is not a realistic to expect. Soon, there can be more jumps and pumps with many coins and tokens in this market lead by Bitcoin, no less.

Title: Re: Crypto Markets Shed Billions Overnight — Analyst Says ‘Drawdown Normal’ and ‘Bul
Post by: trofim21 on November 17, 2021, 07:54:13 PM

all people who have been in this market since 2017 understand that any drawdown is normal and inevitable, you need to use it and buy coins at a cheap price, because soon the market will recover