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After nearing its ATH in mid april of nearly 65000$ BTC has lost over 20000 dollars and its hold over market capitalisation decreased from about 50% to 38% in just a month. While altcoin increasing its hold over the market and increasing adaptation reaching to wider markets.
There are many reasons that would have caused it.
It might be the decreased use in utility that Tesla announced a step back from btc adoption from not taking btc for their cars.
It might be due to some blind doge father's followers that bluntly follow him caused this dip.
But there is decrease in only one utility that may be again available in future. Crypto is the future. And I don't ???? want to be a sheep of a herd so would keep buying it on dips. Its mine choice. You should do your own Research before investing.
But The people chose the cryptos fate, so you might be scared and i am too so investing only a little that i afford to lose. The Elon Musk new tweet might again bloom the market as its rightl said in Crypto Market that
Buy The RUMOUR, sell the FACT.
Other Crypto have also lost momentum due to coupling effect as bitcoin can be termed king that is the big shaker. Some Altcoins might be real multi bagger and i completely agree but here comes risk reward factor. But Bitcoin is the king till now and might or may remain in power for some more time until some another revolutionary idea comes in play.
Some of you might not agree with me and i don't care. Sorry its not for offending but i make my financial decisions myself by doing my own research.
Thanks for Reading.
This should not to be taken as financial advice. Do your own research before investing.
