❗Market Situation ❗
I wrote in advance that I would provide you with the necessary information. Before making an assessment of the market situation in the coming days, I would like to summarize "why" there has been a decline in the last two weeks.
You know that the market, which was moving horizontally at the beginning of June, suddenly started to fall. The reasons for this are;
📌USA – Consumer Price Index (CPI) data announcement expectation
📌 Political turmoil in Europe
📌Andrew Tate hacking incident
📌#LISTAMEGADROP activity
📌$IO listing (820 million staked)
There are many reasons like this. Of course there are even more reasons. These are among the reasons that significantly affect the market.
I gave constant information about these, so that you should be careful. Friends who paid attention to the warnings have already thanked us.
**Now we can talk about the actual market situation.**
As it is known, people use various methods to increase their investments. I would like to share a few of them with you. You will better understand these declines in crypto exchanges.
Firstly, the traditional collapse period after the Halving did not fully occur, and investors acted cautiously and turned to concrete investments.
Secondly, investors have recently turned to gold again (concrete investment).
Thirdly, the lack of technological developments and the resulting renewal efforts. (Andrew Tate's hacking incident is a good example)
Fourth, thousands of investors transferred their investments to the American Stock Exchanges.
These are the main reasons for the recent declines.
So, is all this enough to shake the trust in the crypto world? I personally think it is not enough. In a very short period of time, the most important commercial activities of our age will be carried out with these currencies. First of all, some of the ongoing iron/steel payments are paid with these coins.
