1,2,3…red light!

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It was me putting up a chat to my fellow crypto friend, 'have you observed that the Hive market is red?' And he replied, 'not only hive, the entire crypto market is red'. It took my mind to when speed is at a halt. Were you a lover of cartoons at your early age? I'm still a big fan till date. So how does it merge with the article and the panicking market? Red light! Remembered a warner bros animation about the box bunny that put it's counterpart on/a continuous race halts, the race was so frustrating, how do you halt at high speed after certain counts, you'll wear out during the chase.

Anyway, I was mostly concerned about hive at that moment, you know some investors may panic with less understanding of how the market works and before you know, the recruiting will have to start afresh. Nevertheless, I did some personal research of TOP crypto coins and tokens and indeed from the listing from coinmarketcap, the market had signal red flag.

It was for the last one week I really looked out for? New crypto timers must really be feeling the market sweat. Lols, it's funny but heart breaking to victims, just your first time and you are welcomed with a continuous market decline. When you hear, 'invest what you can avoid to lose' and 'do your own research', we mean it and this is why. Anyway, why is the market down? I guess it can help shape the future of the market. Of course, the source is always from the market movements and sentiments within the US economy and the flames spread far and wide. Investors are information sensitive and can't afford to leverage the needed market opportunity to either opt in or out of it.

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Yes I know, little and uninformed investors always suffer the most. There has been a tangible liquidation for the past one week, should I advise you hang in there? My confidence is in the crypto market in entirety, not in your portfolio. When you've made the right investment decision you can't shake, we've seen this happen overtime. The claims of a jobless US economy has set a platform for this red lights surfacing. We ALL know this will definitely impact the market. With the US Dollar being a generalized unit of accounts, the inflation and economic panic can't fall behind.

Yes, Mt. Gox sold plus ECB rate cuts

You must have heard of Mt. Gox, the Tokyo based exchanger that went bankrupt in 2014. Indeed it did grow to great heights, after its launching in 2010. No one expected a bankruptcy statement after it grew to be the world's largest Bitcoin exchange but it did, just the preceding year. We've heard of over $9 billion dollar worth of bitcoin transfer from them. It is likely going to shake the markets. With huge funds outflows like that, investor sense a dump market, perhaps only a herd mentality, all we know is that it has brought impact to the market.

There are also European additions, the rate cuts by the ECB was never expected to be without consequences. They have no thoughts for further easing to mitigate inflation. Report from the ECB President Christine Legarde is that there has been an inflationary decline, giving the bank reasons to start lowering rates

No Ethereum result, slow Bitcoin ETF market

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Of course investors were expecting more from the Ethereum ETF approval yet the reverse has been the case, maybe for now. ETH price have had to settle within the $3,500 dollars, there seem to be much undergoing outflows putting the volatility effect into market action. Is the position promising for a buy or there will be a further market break down? As of the time of writing, ETH has experienced a 3.7% market decline in the last 24 hours and a 9% decline in one week. Ethereum is a strong asset that has curbed volatility overtime, let's just hope the result won't be different. Solana has been hit too, despite it's list of developers activities.

There has been inflow into the bitcoin ecosystem system, yet it's currently to no avail. It has brought an outflow at the other end especially for spot ETF investors. Looking at numbers, analyst have summarized an outflow of over $64 million from bitcoin ETF on June 10. Where is this outflow heading to? That I can't tell for now. With so many bearish activities, bulls have decided to ease the buy button resulting to bitcoin decline below the 70K market price.

Getting back to the hive market, it has been red with over 10% market decline within one week. As I earlier said, it is no new thing to the hive enthusiasts when you understand the value of market zig-zags. It could be an opportunity to accumulate more. Being a socialfi and innovative crypto, the chances of this project prevailing in bearish days is always high. Those who understand the economics will tell you more. Just as my friend said, all markets are down yet not all know the secret of continuity and steady activities.

To conclude, let me add, we are experiencing another bearish time. I wouldn't say you should opt out of the market, good investors leverage both market directions. Big firms have decided to take it easy. The ETF is not impactful at the moment. It calls for more reasons for innovations instead of price pursuit. Running against quick flashing red lights in market days like this can lead to capital loss, thread with caution.

Posted Using InLeo Alpha