Crypto Market Crashed
On Friday, 21st January crypto market crashed and caused a loss of over one trillion us dollars in the crypto market and bitcoin. The main reason for the crash was the reversal plan to remove stimulus from the market.
We saw a crypto market crash last year in the first week of December. Traders and risk-takers suffered in this decline of the market. Many peoples got liquidated in this decline of bitcoin.
That crash was because of the FAD, and the market has been on a downtrend since that time. Traders expect to get a bull run in December and January, but the market behaves oppositely.
Bitcoin down almost 13% on Friday fell from 42k $ to 35k$ now. Experts and traders were expecting more dump in the market from this position. The market fears right now, and no one knows what will happen. Maybe Crypto Market Crashed more, and it’s buying opportunity for professional traders.