It led a lot of people to think that the bull market was already over because there's a big discount for most of the cryptocurrencies. It affected all of them and that made those speculations that it's already ended because of it.
But needless to say, we're still about to go up.
But is it because of Elon Musk again who said Tesla doesn't sell all bitcoins? then why is it so easy to believe at the time of the downturn he was the actor behind it when it's now over $40k hopefully this will continue.
So let's see if this bounce really goes to 50k or will it correct again?
The corrections are really happening and there's no way to avoid it. Because after moving upwards, it has to come but after that then you know what's next after it.
The market is just in a cycle that they need to understand and everything that goes down should go up and that's the same the opposite way.