Why Crypto is Crashing
Hey steemitians 👋
So there's blood on the streets, the market has crashed massively but don't panic. Remember round Christmas when the market dipped? Well that was because it was Christmas and everyone wanted money for presents, well it's the Chinese Christmas now and they are very involved in the cryptocurrency market.
There's a few other reasons like Chinese government trying to ban crypto exchanges and JP Morgan and other company's increasing the FUD, but just HODL and grab your self a bargain.
Bitcoin has not been doing well since mid decemeber, it keeps falling and rising a little, do you think it can cross the $20k mark anytime soon?
It's a hard one to say, the truth is no one knows. However there will be a recovery after this correction then the build up will start again. It's still the safest crypto at the moment, because when people want to cash out in the crash they have to change their altcoins to bitcoin then to fiat. If I had to guess tho I would say around March 🤞