The Unexpected Drop in the Price of Bitcoin - Steem Trading @ $0.2113

You don't check the cryptocurrency market every day to witness a price decline of more than 4%, which might not seem like much. What must have been the cause of the abrupt drop, though, when you consider the impact on alternative coins, the price of bitcoin, and the price of Steem, which is now closer to $0.2 than it was to $0.25? Frankly, I have no idea because it is simply another day in the crypto world, when the market is displaying some bloody red lights. Those who have the means to purchase the dip should do so, while others who cannot can simply relax and take it easy.

Since you're a crypto investor and are holding the coin rather than using it, you should currently have some unrealized gains and losses. For your mental health, you can simply go for a walk and try to block out the market news. Currently, I'm debating minting an NFT for a pre-token launch event. I'm not sure if I should consider this a lucky moment because the market just experienced a slight decline, which means that it will be less expensive to mint the NFT at the current price, or if I should wait some more because the market may decline further and provide me with more opportunities to purchase at a discount.

The current market situation is a result of bitcoin's continued dominance; as is customary, bitcoin is dumping, and alt coins are moving in the same direction. How long will it take for the coins to recover now that this has happened? We may never know, but what bothers me is when these coins quickly devalue when bitcoin devalues yet take their time to increase their value when bitcoin begins to appreciate. When I was writing this, I couldn't help but observe the slight gains bitcoin is making while some of my other alt coins continued to decline. This is, as usual, just a rant about how the market randomly decided to give us a dump for the day.