🌟💥 Why is crypto plummeting? 💥🌟
Recession, stock market crash, depreciation of the yen and tensions in the Middle East...
After spending the last 10 hours analyzing all the data, here is a complete analysis of the current situation and when the $BTC could recover 🧵👇
ᗒ 1/12
⚹ Bitcoin broke the $50,000 support zone to reach the $49,000 level.
⚹ There is TOTAL panic in the market, with the fear index dropping to 26.
⚹ Is it really that bad? Is the market heading into a bearish state, or is this the work of BIG players?
ᗒ 2/12
⚹ The main reasons for this fall can be summarized by several points:
The Japanese stock market crashes
Fear of a recession in the United States
The geopolitical situation in the Middle East
JumpCrypto Sales
⚹ All these points significantly affect the BTC price and market condition.
ᗒ 3/12
⚹ First, let's discuss the most significant event that affected the price: the Japanese stock market.
⚹ The key Nikkei 225 stock index fell 18% in just 2 days.
⚹ This fall, the most significant in the last 57 years, triggered movements in the crypto market.
ᗒ 4/12
⚹ @CryptoHayes also provided some insight into the current bearish situation.
⚹ He said his contacts in the traditional market mentioned that a major player had gone bankrupt.
⚹ It is likely that they will dump all their crypto into the market, causing such a drop.
ᗒ 5/12
⚹ CNBC reports that the fall in stock prices has reached almost unmanageable levels.
⚹ In South Korea, trading has already been completely halted.
⚹ In fact, a bear market has officially started in Asia.
ᗒ 6/12
⚹ The trigger for this event was the Bank of Japan's decision to increase the policy rate from 0-0.1% to 0.25%.
⚹ In this context, the yen has strengthened sharply against the dollar, complicating exporters' profits on transactions.
⚹ US corporate stocks also fell 10-15%, and there are rumors that the FRS will hold an emergency meeting to discuss a rate cut.
ᗒ 7/12
⚹ Another significant factor in the crypto market decline is the fear that the United States is facing a recession.
⚹ A report showed that the unemployment rate in the United States has reached 4.3%.
⚹ Analysts estimate the probability of a recession at 25-50%, which is not very good for crypto.
ᗒ 8/12
⚹ A recession means a slowdown in the economy and its growth rates.
⚹ In my opinion, this is a somewhat artificially induced event to add fuel to the fire of current events.
⚹ But if a recession occurs, rapid growth of $BTC will not happen anytime soon.
ᗒ 9/12
⚹ Another significant global event influencing the markets is the situation in the Middle East.
⚹ The conflict between Iran and Israel could lead to significant corrections in the global economy and crypto as a result.
⚹ This has happened many times before, and I don't think it will end up in anything serious.
ᗒ 10/12
⚹ Finally, let's talk about market maker JumpCrypto and various brokers who are ruthlessly selling their assets.
⚹ JumpCrypto Reduces US Operations, Divests Assets
⚹ They own a lot of $ETH and $SOL, which they are actively dumping into the market.
ᗒ 11/12
⚹ To sum up the current situation, I want to say only one thing: buy when there is blood on the market.
⚹ Now and only now is the best entry point in years.
⚹ Yes, we could see even lower lows, but the entry point remains very attractive.
ᗒ 12/12
⚹ If you have assets, do not sell them.
⚹ The market has tried many times to break new ATHs but failed due to the large number of people in positions.
⚹ Now is the time to clean up the market and aim for $100,000 for the . Only the strongest 1% will remain!
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