Wondering why cryptocurrency market crashed? Why Bitcoin is going down? What should you do now? Should you sell to avoid further loss? Should you buy the dip??
Reasons why cryptocurrency market is crashing?
#1 Elon Musk’s Tweet
Tesla & Bitcoin pic.twitter.com/YSswJmVZhP— Elon Musk (@elonmusk) May 12, 2021
‘Dogefather’ Elon tweeted about the environmental concerns related to bitcoin mining and tesla not accepting bitcoin as payment. BUT DID HE SELL ALL of HIS BITCOIN??
NOOOOO, He Might have bought more, Indeed!!!
#2 China Bans Cryptocurrency!
China banned financial institutions and payment companies from providing services related to cryptocurrency transactions and warned investors against speculative crypto trading. Read more https://t.co/oExilQHHON pic.twitter.com/pLL7R63xJf— Reuters Business (@ReutersBiz) May 19, 2021
What Should You Do Now??