A quick update on the market moves in the last 24 hours

A quick update on the market moves in the last 24 hours

By Dennis76 | Looking after yourself | 5 Dec 2020


We have had a wild ride on BTC and alt coins over the last 24 hours. So where to from here? Should I sell now, is it going to fall further? I suspect this is a bit of a pull back, may be a bit more. 

It looks like the international stock markets are at record highs, so at some stage, there may be a small or even a big pull back. This will obviously have repercussions for BTC and alt markets. If the US stock market pulls back, this will put further pressure on crypto prices in the short term.

However, as Michael Saylor just bought another $500 million of BTC, I think there is still long term confidence for all things crypto. I personally will continue to buy the dips and sell small parcels on the up trends.

What do you think will happen? What is behind the market's ups and downs?

 

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Dennis76
Dennis76

Pretty new to crypto.


Looking after yourself
Looking after yourself

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