đš Crypto Market in the Red: Whatâs Going On?
This week, the crypto market has faced a significant downturn:
đ» $BTC dropped to ~$93,000
đ» $ETH briefly fell below $3100
đ» Most top 100 cryptos lost over 10%!
Hereâs whatâs behind the sell-off:
đŠ
Fed Turns Hawkish: Fewer interest rate cuts in 2025 rattled markets.
đ Profit-Taking: After Bitcoin hit $108K, some investors locked in gains.
đŹ Jerome Powellâs Bitcoin Remarks: No plans for a Bitcoin reserve, dampening adoption hopes.
đ MicroStrategy Rumors: Speculation about pausing BTC purchases spooks investors.
Should you worry? đ€
Cryptoâs fundamentals remain unchanged, with strong institutional interest and ongoing ETF support. Neither of the reasons behind recent sell-off alter the core fundamentals that drew you to crypto initially.
If you remain confident in your holdings, there is no reason to worry â this current correction could even be seen as a chance to acquire more coins at a lower cost.
#BTCNextMove #MarketPullback #MarketCorrectionBuyOrHODL?