Atleast January 9th this year, my crypto investment was $50,000. I checked it today and it has dropped low to $9860.
I am very sad.
Please is there any chance the market will recover and i will get my $50,000 back?
You definitely bought at the wrong time.
You pretty much bought at the highest point of both bitcoin and altcoin, and with some cryptos losing 80% or more of their peak values, it's really no surprise that your portfolio has dropped to such lows.
There is definitely more than a chance of you recovering your funds. However you do need patience. You have made the wrong decision to put so much money into crypto at one time, now you just need to wait it out until the next rally comes.
There is no other option because you've already lost more than 80% of your investment, and even if you cash out, you'd be only looking at 20% which is virtually next to nothing. Take the risk, you will probably get your $50k back come the next crypto-summer.