7 months ago (10 Nov 2021)Bitcoin touched its all-time high of $68789.63.
This was the time when crypto influencers and investors were busy telling the world how they became an overnight billionaires and were busy making videos and getting views.
Its been 7 months and the market is falling since then today Bitcoin is 72.95% low than its ATH.
That's a huge fall, not that it has happened for the first time but this time Bitcoin has plunged below $19090/Unit.
It was Dec 2020 that Bitcoin was below this level.
And that was the time when Bitcoin was going up, but this time it's falling.
Now the big question is
"How down will it go?"
A section of influencers says it can go below $10k, now if that happens
What will happen to Altcoins?
Solana is already below $30 (88% less than its ATH $260), and Ethereum is below $1000 (79% less than its ATH $4891).
The market is trading below Dec 2020 and the cryptocurrency market cap has gone below the $900B mark.
A few questions that I still have are
- How long will it take to recover?
- When it touch its ATH?
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