Why Crypto Market is Crashing?

There are 2 major reasons why altcoins are dumping today.

If you take notice, the price of bitcoin just fell 2.3% but majority of the altcoins prices went 20% to 35% down just within couple of hours. This is happened because traders are uncertain about the bitcoin price. Btc price is very near to its All time High. People are expecting major correction in btc price. This is why the dominance of bitcoin is getting high. Investors are waiting for the right time to invest. Due to this reason Volume in altcoins is decreasing.

Second reason is, Crypto market witnessed the large outflow in bitcoin ETF. Since 48 hours, more than $750 million worth of btc outflow from bitcoin ETF. This led the crypto market become more bearish.

At the time of writing bitcoin price is moving above $65000 💵 What do you think if bitcoin price takes major correction, what will be the Next Target of $BTC price? Comment

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