BTC AND ALTS ARE RECOVERING SLOWLY AFTER A BIG CRASH

Hello there!

How are you all? I hope you are blessed and well. In today's post, we will discuss the market of BTC and ALTS, which is recovering after a big crash that happened two days ago, and most of the coins have created a new All-time LOW position.

MARKET RECOVERY

Coingecko

Well, if you are a leverage user, then you might be affected by the recent crash, but if you are a spot user, then your portfolio will be down and will take time to recover. In this way, a spot user is safe, but their portfolios are almost down because of the new ATL created by so many coins, even a high fell below 10 cents and hitted the 5 or 6 cents for the first time, and that time I was looking at the price of HIVE and BTC, only the BTC dropped from 116k to 101k which took only 5 minutes round about.

After a big and crazy crash the market seems green today and many coins are in the gainers list where BTC recovered from 109k to 115k and ETH recovered from 3700 to 4200 so this is a nice movement in both BTC and ETH while the alts are also seems good and soon will reach to its old price in a week or two weeks but the last crash was a lesson for all that anything can happens to the CRYPTO market in a blink of eye many users got wiped esepcially the leverage users and at that time the BINANCE not working properly so many people are saying that in this crash the exchanges were involved because the users are complaining that their orders of TP and SL did not fill so who is responsible? for this crash the TRUMP? because few hours back before the crash TRUMP tweeted about imposing tarrif again on china but at that time the market was not affected so no one knows the reason behind this crash.

HIVE PRICE

The hive price seems good today with fast recovery heading towards the 16 cents mark which already holds the 15 cents mark from the depth in coingecko the hive price shows that it fell down only 13 cents but in exchanges it shows something else and i have seen it with my naked eyes that it fell below 5 cents because i put order at 0.09 at that time and in a blink of eye i got liquidated lol and gave me a loss of $60.

Here i am showin the snap from binance you can see the wick of a candle which touched the lowest mark of 0.03 means that the hive touched the 3 cents mark in binance exchange and the coingecko are showing 13 cents mark which might be a glitch but the actual price of hive was at 0.03 and almost recoverd fast in two days of time it is back to 15 cents and the next target is 20 cents which will take time but for sure it will go there.