Crypto was doing bad, but between yesterday and today it sure has taken a beating, Bitcoin price is at its lowest price in months and unfortunately so is Steemit's, well actually all cryptos are seeing very low prices except the stable coins and that is only because they are pegged to fiat currency.
The overall market cap has fallen to 1.7 trillion USD, remember it almost hit 3 trillion a few months back? Well things do look bad, I hope this is a glitch, but in reality I think it will take some time for things to improve. Do you think Steem could go all the way down to $0.20? If we are now in a bear market I think it possibly just might get there.
I think the bull phase is done and we will slide around for a few months and then back to a year of crypto winter. Check back in 2023
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit