The word collapsing isn't the right word for the current situation, the market isn't dying which is too harsh to say that. I think declining is enough to tell that prices went down but still, there is a hope of recovery. Yes, this is actually not a thing we worried about seeing such scenario is found normal in cryptocurrency and this is the thing we called risk. And, of course, recovery has always been there but that seems hard to know when it come. Patience really matter at this point and not to lose our mind, yet still positive.
Yes, crypto will soon recovered. We've been here before and we will continue to used to this, it is normal that we may encounter some bear runs, we should know that it is not always bear runs soon bull run will come, we just need to find the perfect opportunity in this situation or we just need to improve our patience towards everything so that when the time comes, we can reap what we sow. It will take only a blink of an eye for bitcoin to pump, it is just that pandemic and war happens.
At the beginning of the pandemic bitcoin was indeed down, but because of the effects of the pandemic bitcoin also reached a new ATH because people started working from home and looking for investments that have faster and bigger returns like bitcoin.
War can also be the reason why bitcoin is down but only by a percentage.
Bitcoin's decline was actually caused by several things, such as the Fed's new rules raising the benchmark interest rate by 0.5% to reduce the annual inflation rate which has now reached 8.6% for the last four decades. this certainly makes the US market situation volatile and affects the bitcoin market as well.
The market will indeed recover, but wait for the market conditions to not heat up. This bearish will not always happen, there will be a bullish answer later.
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