This is how market is manipulated, I have written a brief post about this crypto market that how it is being controlled. I will never say again that BTC is a decentralized but it has a fully control of people to it.
You have seen that how BTC pumps and dump in just matter of days. This is how a single tweeter statement changes the direction of market.
All those who plays in future market are crying and many investors are dishearten with this market and its rude behavior. You must be careful when investing and that is why stoploss is very important.
Mr. President just says that ADA, Sol and XRP are my favorite coins and will be added in reserve, you see that how these three coins performed. All three of them rose by more than 50% in just a hour.
Therefore, this is the market of manipulation and any US news have great impact on this market. Also one thing which I experienced during these times that only coin which is better to invest is Bitcoin.
You can reduce your risk of loss because it has lesser movement then other coins. Therefore, if you want to trade or invest I think BTC will be the best option.
Rest is your choice. This market is unpredictable and anything can happen any time. Now wait for the next statement to be announced...
What do you people think about Crypto market? Is it totally being manipulated? Will be glad to see your answers in the comment section.
I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.
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Thank You!
Best Wishes.
