WoW! Crypto Looks Like Green Valley
Assalamu Alaikum friends,
The nature of the crypto market is, sometimes up or sometimes down. In the midst of this up and down, the market trend is created through the buy - sell volume. And from the market trend, market sentiment is created. But, over the past few weeks, understanding the sentiment of the crypto market has become much more difficult. Because, it has become so difficult for everyone to predict which direction the market will move. Due to this, not everyone could predict the correct movement of the market.
The market was dumping today as well. But, suddenly, after a news was published on Twitter, the market started turning green. The news was that the American Fed Chairman would cut interest rates. And after this news, the market started turning green.
Because, when the interest rate is cut, Americans will invest their money in crypto hoping to get more profit. And that is why when they got to know the news of the interest rate cut, they started buying for early entry in crypto.
And with this, the crypto market has started to turn green. Hopefully, alt coins will also continue to pump in this green market. And the alt season will start. That
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Hmmmm, fascinating, unpredictable market, I think these rate has been cut so many times this year, could this be a false pump because definitely they will be a dump, we are still waiting for alt season but history is not repeating itself as it should... Anyways we are still hopeful....