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