Hi Folks,
Lets talk about the bleeding market.
There are multiple reasons due to which the market is falling from last few days.
1. FED can't own Bitcoins. This news exploded and the people started panicking due to which market showed bearish behaviour.
2. Interest rate cut in US, As a result people are offloading some of their money resulting in bearish scenario.
3. Holiday period : As Holidays is approaching, big players will not be showing interest in the market for next few weeks.
4. Trading volume : The trading volume signaficantly went down in last few days for most of the coins which made it easy for manipulators to take charge.
I expect the market will be red for next few days. But you can expect it to recover quickly with the new year and Trump taking charge in the parmliament.
Trade wisely, All the best 😉😉😉