Cryptocurrency is currently collapsing. And the total crypto market cap is now less than $1 trillion.
Nothing scares me to be honest, I remember the first time price rose to 10k ATH and then crashed to 400 dollars and everyone was saying it was over for crypto, but the doomsday and we shall do it again. I think this dip Is good to stimulate demand and allow more crypto bystanders to join and price will start to go up again.
The market is red, and every cryptocurrency is crashing. Is it better to wait for a further drop in Bitcoin and Ethereum, or would DCA be better?
Further drop... You don't know that for sure, but let the dust settle from the Ftx exchange fiasco and we can know the best step to take.
What will happen next?
How long do you think the market will take to recover?
Recovery will take some time as the fear aspect of investing in crypto is high at the moment... So no eta here, but on the first sign of bullishness maybe binance intervenes in Ftx that could bring a Win and some bullishness into the market.