Bitcoin is continuously declining and declining for the last few months. And now the market is suddenly crashed and more than $1 Trillion has been washed away from investor’s portfolios in less than 24 hours.
Bitcoin is now trading at $35363 almost 45% down and is at the lowest level since July after the Federal Reserve intended to withdraw stimulus from the market. After this news, all altcoins including Ethereum, Dogecoin, Binance Coin, Polygon, and Shiba Inu are also down from their previous positions.
A similar impact on stocks and equities has also been seen after this news. The crypto-centric stocks have also crashed after the market crash. All stocks are recorded in downtrends after the crypto crash.
This crash can be a big opportunity for the whales who are waiting for the right time to invest in the crypto market. Today greed and fear index has been recorded at 13 points which shows extreme fear in the industry.
Despite a huge selloff, some people are also taking this opportunity to fill their portfolios with different cryptos.