Hey Everyone, welcomes back to My blog Crypto Times and Hopes you Guys are doing good. This article on the reason behind the crypto market crash
Currently Bitcoin, Ethereum, BNB, and many other cryptocurrencies crashing to more than 31% from last week. Most of the investor is under panic due to high loss in cryptocurrency. Bitcoin touched the lowest mark $30000 and Ethereum touched $1860. Now there is only two option coming in front of a Crypto investor, First is to invest in the Dip, and the Second looking for the crypto futures.
There are two Reason main for the Market Crash
- China: China is an Asian country and known as the manufacturing hub of the world. They imposed a ban on cryptocurrency in 2017. But in recent weeks, they proposed some new rules on cryptocurrency.
New Rules implement in China
1. Chian told all financial institutions and payment gateway to not provide any facilities to the crypto investor people like registration, exchange, etc.
2. Chian told that cryptocurrency is to have any value so don’t invest. - Elon Musk Tweet: World third-richest person, Dogefather, and crypto market changer. When in march 2021, he invested $1.5 billion in crypto and continuously supporting Bitcoin. Bitcoin reached beyond $60000 and Doge $0.72. But Currently in his tweet, they told that Tesla not accepting bitcoin as payment because of Environment concerns. This tweet makes Cryptoquakes in the crypto market.
So I have one question for all readers what now you are doing
1. Still buying crypto in Dip
2. Think that crypto has no future
Comment your view