Here are the reasons why the crypto market is crashing recently:
End of year selling by hedge fund managers to rebalance their cyrpto portfolios and book their crypto profits.
https://www.investopedia.com/ask/answers/122214/what-does-end-quarter-mean-portfolio-management.aspRussian whale investors pulling out their crypto investments ahead of the Russian central bank decision to ban crypto.
https://www.reuters.com/markets/currencies/russian-cenbank-seek-ban-investment-cryptocurrencies-sources-say-2021-12-16/Retail crypto investors spending their spare funds on Christmas shopping instead of crypto investments.
https://www.cnbc.com/2021/11/29/holiday-shopping-2021-more-than-half-of-americans-are-going-into-debt.htmlThe FED claiming to start tapering causing the stock market to fall. There is a strong correlation between the S&P price action and the crypto market. The stock market S&P currently has been falling matching the fall in the crypto market . See below:
Binance exchange to close its crypto services in Singapore. This causes some their clients to cash out instead of transferring the funds to other exchanges
http://timesofindia.indiatimes.com/articleshow/88325259.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppstBearish technical indicators are keeping crypto traders on the side lines until those indicators turn bullish again,
https://www.coindesk.com/markets/2021/12/07/bitcoin-technical-indicator-suggests-low-probability-of-santa-rally/
When will this bearish market going to end? Probably in the new year. Inflation is here so where are you going to put your money?
Answer: Crypto of course!
If you have not sold your crypto already just wait it out since the bottom is probably near. If you already sold out just wait a bit longer for the dust to settle.