Bitcoin and Ethereum prices have appeared to be in a free fall. The falling cryptocurrency prices have dampened the celebration mood of retail crypto investors. Cryptocurrency prices fell along with stock markets after the Federal Reserve released the minutes of its December meeting in which officials discussed the possibility of earlier and faster interest rate hikes and shrinking the Fed’s $8.3 trillion balance sheet. In this video, I will talk about all the possible factors that contributed to this dip we are having right now.
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2:01 Stocks Down 50%
3:22 Chinese new year & Tax Season
5:00 Covid New Variant
5:58 Market Updates
7:53 Why still BULLISH?
9:38 Market Cap Comparison
12:55 NFT Updates
14:19 Bitcoin Rainbow Chart
15:06 Where is the channel going?
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I’m not a professional financial adviser and you should always do your own research. I may hold the cryptocurrencies talked about in the video.