Crazy start to the week it has been in the Crypto market has the global crypto market capitalization by takes a hit and goes below the trillion dollars mark again with it currently at $963.10B after a 6.83% decline.
Just few days ago it was it about a trillion dollars market with Bitcoin at $21k but currently sitting $19.6k with 5.93% decline within the past 24 hours alone. We could be going a little with the activities scheduled to hold this week.
With the Us mid term election holding today, CPI Inflation Data on Thursday and Consumer Sentiment on Friday, we are headed for very volatile week. This year bear has been quite prolonged but I believe the market will be leaving the woods soon.
The FTX saga is also having it's on measure of FUD resulting in the crypto prices with massive dump on that one causing fears to investors. Today alone that token has lost 16% of it's market capitalization with it sending panic on it becoming about Luna.
Times like this shake people out. When it comes to investing in Crypto, we must realize that all this are part of the risk but we shouldn't sell at a loss but instead accumulate while we still can on solid and time trusted crypto projects.
Having the long term in view could help us plan and not get distracted by the current market situation. Don't get shaken out. This time shall pass away too.