Crypto have been hit with all kind of bad fundamental news during last 2-3 months. Several countries preparing to lunch their own CBDC. Some countries trying to ban or regulate cryptomarket. And we saw hiw crypto been used by far right groups in Canada freedom canvoy fiasco.
But what's happening right now is far worst. Now I am not a crypto skeptic. Quiet the opposite. But anyone who is in this market should be much more careful in the coming weeks.
First important news is that Biden gonna sign an executive order about crypto this very week. What is gonna be is everyone's guess. Bright side? If it is not as bad as many predicted market might actually go up!! Why? We saw that before. If what people expected to happen is worst than reality, a bad news might be considered a good news by market.
Second important news could be Russia finally invading Ukraine or a meaningful de-escalation. War mean uncertainty. Uncertainty means panic. Panic means less people will invest in risky assets like cryptocurrencies which in turn might send market downward.
If you are wanna buy, specially if you are a long term holder, this next few weeks might be a blessing for you. If you are just looking for trades (specially future trading) I advice you to wait few weeks before doing so.
Market is about to go crazy. Be careful and good luck.
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