Bloodbath in Crypto Market

Red is not a good colour for the market but unfortunately, this is the colour of the market today that you can see and the below snapshot is clearly showing the red colour in the entire market. The Bitcoin price has gone down by almost four per cent and other coins are also in red whereas you can see very few dots in green as the entire market is red which is like a bad start for November month.

I will still say that there is nothing to worry about because this can be a situation of correction and we just can't expect the market to keep on going upside only as this is not the way how it works. I just hope that things will be in better shape but surely Bitcoin has gone down however we have also seen Bitcoin going up significantly in the last week so this is the sort of correction that was expected.

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We can expect more after the US election and if Donald Trump comes into power then probably crypto will be in a better place where more support will be provided by the government and this is what we can expect with Bitcoin and other coins in the market. If you are expecting Bitcoin to reach 100K this year then I believe this is not quite easy however maybe in the first quarter of next year it is quite possible and that is what we need to wait and see how it works.

Thanks