The Current State Of Crypto - Bleak!

in steemit •  5 months ago 

(Bitcoin monthly trading graph - down 20%)

It's been a pretty miserable start to the year in the cryptosphere. Bitcoin has taken a serious tumble and as always the Alts have followed suit. Bitcoin is down 20% from last month and currently trading around $40,700. The big question is will it fall below the $40k mark? Sadly it's looking likely that it will. It's always difficult to pinpoint one determining factor in why Bitcoin falls but many have pointed at the minutes of the latest Federal Reserve meeting which suggests the Fed might be upping interest rates. This has had a knock on effect with the result that many investors are seeking something more stable to invest in.

Whatever the actual cause of the decline it won't change the fact that we are now probably in a significant downturn period. This is a further disappointment, after the much anticipated Altcoin season didn't really materialise in any great strength. Disappointment on top of more disappointment, that's where we're at right now. Anyone care to hazard a guess when we might see the bull running again?

The ACOM Team



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Hmmm...Looks like TRX rewards are also down again...bad timing🤔

Fantastic news! Yes, you're right. We will message @justyy and @ety001 again.

Thank you @acom, I wasn't sure if it was just me.....
Looks like a January crypto buying dip, it has done this so many times LOL!
I have a friend that is new to crypto, and is stressed out!
Crypto is here to stay, I have been in crypto since May 2018, I have seen this again, and again😆

The beginning of the year 2022 is a test of faith for all crypto enthusiast. I cease to take any trading decision till further notice 😌.

hello dear friends @acom good afternoon
There is a lot of uncertainty, it is time to remain calm and to refrain from tenure, not to take measures that later you may regret.
Enjoy the weekend