In the world of crypto, the market is constantly up and down. We always hear about periods of record-breaking bullishness, followed by periods of decline that make people wonder: Have we entered another bear market? Recent days have witnessed bad volatility and many indicators have begun to point to a strong correction especially with the decline in Bitcoin and Ethereum, and the significant collapse of the doge.
Bitcoin, the market's star of the recent period, fell to $86,000 after steadily moving above higher levels. This movement worried many, especially those who bought at the peaks. However, some see this as just a normal correction after a strong bullish wave, viewing any decline as an opportunity to buy before a new rebound occurs.
Ethereum, on the other hand, has fallen back below $2,000, reviving fears of weak buying momentum. Many investors were expecting the rally to continue, but the market always has surprises. Anyone who follows the market closely knows that these levels were pivotal before, and if the market fails to maintain them, we could see further declines in the coming period.
Dogecoin, on the other hand, suffered the biggest losses, with an 8% drop, one of the largest declines among major currencies. Dogecoin is naturally a violent currency, and is often associated with speculators' enthusiasm. With the market decline, massive selling occurred, causing the currency to lose a significant portion of its value in a short period of time.
The question now arises: Has the bear market officially begun, or is this merely a temporary correction? The truth is that crypto is a highly volatile market and any bad decline doesn't necessarily herald the beginning of a big collapse as Experienced investors see these periods as opportunities not the end of the world. However, those new to the market may feel anxious, which can lead them to act impulsively, whether by selling at a loss or making rash decisions without careful consideration.
Posted using Tribaldex Blog