Market is Bleeding Badly

Currently, the situation of the crypto market is very bad, and we can say that it is bleeding badly. Nobody expected this kind of situation in the market because it is unpleasant and surely has impacted a lot of investors in the last few days, as what is happening now was not at all expected.

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A few months back, we saw the Bitcoin price at 125K, and currently it is moving around 60,000 US dollars, which is like the price has gone down by 50,% and that's a big fall in its value. I was reading some of the posts on twitter which is also known as X now, and a lot of people are sharing different thoughts andprocessess about the current market situation.

Everyone is worried, and most of the people on social media believe that a temporary situation and we might see the recovery, but I believe that even if the recovery happens, it is also going to take time. This time the crypto cycle has been completely different because only Bitcoin had shown some appreciation, but it was expected that the Bitcoin price would be around 150K andwouldl grow further to 200k usd.

We kept waiting for the growth in Bitcoin price, and all of a sudden, this crash started in the market when every coin was impacted badly, including Bitcoin, and some of the altcoins have marked a very low price in the market, which we have seen during the last crash, which is another alarming situation.

I don't know what to do in this current situation because it is hard to say at the moment but one thing I know is to have some passions and do not do panic selling because if you sell out something then for sure you are booking the and you also lose the opportunity to get some recovery done in future so obviously the decision is yours but I would recommend you to go through all these aspects before you make some decision. This is not the first time you have seen this kind of situation in the crypto market, and probably, I believe that this is not going to be the last, but again, I'm not an expert.

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