Bloodbath in Crypto market

Today is not a good day for the crypto market. Red colour can be seen everywhere in the market and Bitcoin price is down as well and ethereum is down in double digits. Every coin is available at a discount today and it's a big crash that we can see in the market. However, it's a global crash because even the stock market is not doing good and it has also crashed worldwide.

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Bitcoin price has gone down by 30% in the last three weeks and after feb month we have seen Bitcoin going below 50K. This is a big crash and certainly it was not expected however a little correction was expected this time but there is something completely unexpected looking at what was happening in the market. Now people are questioning whether E T F is good for the market or not but I believe it is good for the long term and this correction can be an opportunity for the people who are still buying Bitcoin or other crypto.

Still, whales are buying Bitcoin which means that it is not going to stay for long whatever crash we have seen and recovery is expected to happen soon. There is nothing to worry about if your vision is for the long term but if you are here for the short term then things can be difficult for you. The recovery might take some time and it cannot happen in just a few days but surely once it happens then things are going to be even better in the market. Many people are asking the question who is selling Bitcoin this time but the right question would be who are the ones buying Bitcoin this time when it is crashing?

I think from the long-term perspective it is good to purchase more Bitcoin this time and try to accumulate as much as possible because in the next full cycle, it is going to be even more expensive and buying now can be way more profitable since it is at a higher discount now. Again it's not a bit of financial advice from my end but what I believe in the long term in this market is what I have shared here.

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