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Will the crypto market recover soon? In case you are finding an answer to this question, you have come to the right place. Although no one can accurately answer this question, there are predictions and educated guesses made by Cryptocurrency experts in the industry. Since Ripple and bitcoin are the main cryptocurrencies on the market, we will be discussing the recovery of bitcoin. If we take a look at the history of bitcoin, there have been similar patterns in during the month of January in 2015/16 and 2017. The same thing happened in January 2018, too. The market rallied afterward in the previous years. But this year’s rally hasn’t happened after all. When will the 2018 rally happen? This article answers the question of – Will the crypto market recover soon?
The bitcoin was trading in a range between $5000 to $7000 during the last couple of months. In fact, it has dramatically come down from an all-time high of $20,000. The cryptocurrency market has a tendency to drop in relation to negative press issues. In fact, the currency drops if there is negative press or news about government decisions to implement regulations to control cryptocurrencies. The whole market lost more than 50% of its total market capitalization in relation to a series of negative press items and government decisions. In fact, media stories matter a lot for day, week, or month traders. But if are a hardcore holder of cryptocurrencies, these stories won’t affect you.
Since the public awareness of cryptocurrencies has tremendously increased, there are many investors waiting in the sidelines to jump in during the next bull run. Hence, the stage is set for a much stronger upward movement in the future. On the other hand, there are many cryptocurrency technological innovation projects that are ready to be implemented in the future. The technology will keep improving and deliver new products and functionalities that will have an impact on many industries in the future. In fact, cryptocurrencies and blockchain technology are here to stay. Hence, recovery is almost certain but the timing is a bit hard to predict.
In case you are wondering whether the crypto market will recover soon, you have come to the right place. No one can accurately answer this question. But there are many educated guesses and predictions from financial experts in the industry. In fact, the crypto market recovery is certain but the timing is a bit hard to predict.
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