Market Status !

in steemit •  7 years ago 

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So Bitcoin took a Dip today from about 8200 USD to around 7800 USD and people were getting crazy that Crypto is going on another Bear Market but it hasn't even been 24 hours and Bitcoin has already gained all that lost value back as it is currently sitting at 8229 USD.

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This kind of reaction shows the strength in the current market and I believe we are slowly getting away from the Bear market. Now, this is just my personal thought as I am no financial advisor. But the quick Bounceback of Bitcoin does give us some confidence in the market.

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good post I hope to visit my post

You got a 5.05% upvote from @emperorofnaps courtesy of @arunava!

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...oh ye of little faith ;)

I am seeing that only bitcoin has gone strong so far in two weeks. Other crypto price also went up but not as the price of bitcoin headed upwards. What may be the reason?

It happens always. If BTC price rises suddenly than the Alts do follow it but cannot do that at the same rate. So growth of alts is slightly slower than Bitcoin.

So, the BTC is the king and others are followers of the king.

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