What will happen to the crypto market?
Cryptocurrencies have crashed, and every coin has fallen into double digits. Bitcoin also came below $100,000. Why is such a big crash being seen inside the market, and what is the reason behind it? Did the bull run over, or did it lose its steam before coming? We will try to explain all this and what should be done with the coins that are in the dip. Should we exit, should we buy, and what is the overall situation? What is the environment being created?
What happened here in the market last night was that there was to be a meeting of the FOMC, and there was to be talk of cutting the Fed interest rate. The interesting thing is that the 25 basis point interest rate cut that was expected also happened, but why did the market crash after that? It was positive news, because if you see in November or October when the reduction was done by 50 basis points and 25 basis points, the market suddenly took a sudden plunge, but you have to try to understand what happened here yesterday.
There are two reasons for this, one of which is pressure on the market. First, the global market of the USA has taken it in the wrong way; taking it in the wrong way means that the market crashed yesterday, and more than 1 trillion was wiped out from the market. We are seeing pressure on the cryptocurrency market here, and we will understand the reason for this because the Fed has cut the interest rate, but their target is to bring it down to 2%. At this time, they have brought it from 4.75% to around 4.5%. But here, if we talk about the two rate cuts in 2025, the market was anticipating that in the coming It does not seem that there will be further interest rate cuts in time, and there is a fear that we might go towards recession.
The Fed’s chairperson, Mr. Powell, says that we have avoided recession and we may get to see one more good year, but the market is anticipating something, and we are getting to see its pressure. Firstly, this news had an impact, and secondly, the Fed’s chairperson, Mr. Powell, spoke directly about Bitcoin in his statement yesterday, and he did not say anything good about that; the statement that came from his side was that the Fed is not allowed to own Bitcoin here. Now the Fed, that is, the Federal Reserve, does not allow bitcoin to be kept. Now everyone here knows that Donald Trump, a supporter of cryptocurrencies, will keep 1 million bitcoins in strategic reserve. There is no liquidation, now both statements have become contradictory. If the Fed does not liquidate, then how will the USA keep it? It will not keep it.
The market’s main pullets are huge wells; nobody is safe, and they also know that the liquidation means that after $105000, $108,000 goes, the big exchange or important high-leverage traders know, and the institutions know, too. The manipulators know that people have placed bids below $98000, which is extremely high here; if the price were to reach, many people would have been liquidated in billions of dollars, which is what we are experiencing at this time. Although we expect that it will quickly recover from this point, a liquidity search also took place. Yesterday, selling pressure was also seen inside the Bitcoin ETF; most of the people who have the Bitcoin ETF also selling.
Is it long-term or temporary?
Now a big question comes out: Is it long-term or temporary, the way buying has happened, and according to the way, in the coming time, we hope that there may be more statements from Donald Trump or statements countering it? If this happens, then the market can also pump from here, but if we look technically, then there are two or three things to see here. If it bounces quickly within the day candle like it has come here now and reaches above $100,000, then there is no need to worry as long as it is above $100,000, and if it also closes the monthly candle here, then it will be a big bullish signal, and in the coming time we will see that whenever the market pumps like this, then there is so much confusion so that people can be sold or sidelined here.
If there is a support zone of $90,000 to $94,000 and important support is $83,000 to $85,000, if it comes here and stays above it, we do not need to take any tension, but if it quickly bounces from here and recover is seen within a day or two and again Bitcoin becomes normal because the dominance of Bitcoin is seen increasing here and altcoins are seen falling, this whole game was just a game of manipulation because there is no Bitcoin on the exchange, so by creating pressure like this, half the people must be thinking that now the story is over and then the money should be looted from here.
If we are talking about the ETF of Bitcoin, the dominance of Bitcoin is seen increasing, and the dominance of Bitcoin means you can say that Bitcoin has not broken as much as we are seeing all the things breaking inside the overall market, but here if we look at the dominance of Bitcoin here, then it seems that brother altcoins are seen breaking quite a lot; overall, altcoins, all the coins, are broken within double digits, and here they are giving a chance to make an entry, and if within the big coins only If you are getting a chance, then why take more risk?
Coins for buying now
I will share some coins with you; you can focus on that. The first of them is ETH, which is available for around $11; an entry can be made. It has come to around $5.5; there is a big opportunity here. It has not done anything special, so it holds potential in the coming time. Dot is also available for around $7; an entry can be made. ARB is available around $0.8; an entry can be made. Lido Dao has $1.80 in it; if we talk about Ethereum, it is available around $3500, so it is a good opportunity, and if you are looking, an entry can also be made here at $3550.
If you are in big coins, then there is no need to worry here; if it is in spot trading, then there is no need to worry. If you see Pyth Network at $0.38, it is running around; an entry can be made in it. Inside the fetch, it is running around $1.4; an entry can be made in it. So all these coins that are broken at 10% and 15% are giving an opportunity because they were not much bigger than their dip, so it can be taken as an opportunity. Now here you have to see all these things: do not trade with high leverage in the future; take risks as much as you can bear. But if you are here in the spot and thinking about what happened to me here, then it seems that somewhere, if it is in good coins, then they will also show recovery, and in the coming time, which is expected from 2025, a big bull run can be seen; that will also be seen happening.