🧨Crypto took a hard hit early May. Bitcoin, the largest cryptocurrency, fell to around $29000 from its all time high of of almost $70000. Other cryptocurrencies fell too and people started to wonder whether this fall would be permanent, but will crypto rise again?
Whether it is stock market or precious metals or even crypto, there is no permanent movement. Assets always tend to go up and down for various reasons.
Crypto will rise again? Yes it will. Markets tend to go down and up and it's the same with crypto.
🚀Right now, the bull market rages on. Cryptocurrencies are still experiencing ups and downs while remaining largely around the same price they’d reached after the collapse. However, sentiments on the market are largely positive, with many experts and investors optimistic that major cryptocurrencies will reach new highs just not very soon.
Sentiments of the market largely positive? Are you f*cking serious bruh? If you will see the fear and greed index right now, it is at 13 meaning investors are in extreme fear and worried to invest. Experts and investors being optimistic? Yeah yeah its pretty obvious that if there are some pessimistic ones, there are some optimistic ones as well.
I disagree though with what you said that right now, the bull market rages on. It's pretty obvious that we are in a bear market and many are saying that we are already. U.S stock market going down, war going on, interest rates going up, quantitative tightening upcoming, inflation. The current events are against the market which is why it goes down and that includes crypto. We aren't in a bull market anymore right now but the opposite.