The State Of The Market Right Now: BTC Dumps and ALT Dumps

It's unusual to check out the cryptocurrency market and observe a drop in price of more than 3%, which might not seem like much. But given the impact on alternative currencies, the price of bitcoin, and the fact that STEEM is now closer to $0.17 than it was to $0.2, what must have caused the dramatic drop in price? Well, I'm not sure because it's just another day in the world of cryptocurrency, where the market is showing some bloody red signs. others who are fortunate enough to purchase the dip should do so, while others who cannot may choose to relax and take it easy.

Considering you are a crypto investor and are keeping the coin rather than using it, you should currently have some unrealized gains and losses. For your mental health, you can just go for a walk and attempt to block out the market news. I recently minted an NFT for an airdrop update, but I'm not sure if I should consider this a lucky moment because the market has just experienced a slight downturn, which means that coins will be cheaper at their current price, or if I should wait a little longer because the market may experience further declines that will provide me with more opportunities to purchase at a discount.

The current market situation is due to bitcoin dominance as regular; bitcoin is dumping, and alt coins are doing what we've seen them do in the past. How long will it take until these currencies start to recover now that this has happened? We may never know, but I simply find it annoying when these coins quickly devalue when bitcoin devalues yet take their time to increase their value when bitcoin begins to appreciate. As I typed this, I couldn't help but observe the minor gains bitcoin is making while watching alt continue to decline. This is, as usual, just a rant about how the market randomly decided to give us a dump for the day.