REASON WHY THE MARKET IS DOWN!!!

There are a couple of factors that could have led to the market shake off which has caused the prices of cryptocurrencies trading in the negative.

- Bitcoin ETF not approved by Security Exchange Commission (SEC). There were couple of speculation that Bitcoin ETF would be approved in January 5th and that could boost the value and price of Bitcoin and other cryptocurrencies, with institutional investors like Grayscale, Fidelity, BlackRock, Ark and other whale investors acquiring more Bitcoin while crypto enthusiasts buying into the ‘fear of missing out’ (FOMO).

The outcome was that SEC did not approve Bitcoin ETF and approval postponed to a later date but only sold the news and this led to massive sell off over the weekend.

The market is still bleeding red but this has created a buying opportunity for those enthusiasts who strongly believe in the bull market coming up in 2025, to buy the dip now.

For those who have spot trade and bought into their choice crypto, this is not the time to panic sell as the market will recover soon. Goodluck!

I will keep you posted on subsequent updates.

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