Sentiment has swifted, crypto is dead, everything is going to zero. This is how the market is feeling right now. It is funny because it feels worst than when market was at the bottom. People forget too fast.

Some of the reasons (not all) for why the market could have dumped a bit and it is basically because of the data it is released today on US.

• US Nonfarm Payrolls: https://www.investing.com/economic-calendar/nonfarm-payrolls-227
• US Unemployment Rate: https://www.investing.com/economic-calendar/unemployment-rate-300
• US Federal Reserve Monetary Policy Report: https://www.investing.com/economic-calendar/fed-monetary-policy-report-1836

Next week, 12th June, 2024:

• US CPI data: https://www.investing.com/economic-calendar/cpi-733

All of this things are used to move the market and some of the reasons why the market is moving down right now is because of this but I believe that they are not the main reason. German government selling and market manipulation are the main reason.

We have seen worst so dont lose faith just because how you feel. Think with your head, ask yourself why are you here, which is your goal and where do you really think crypto is going after checking the adoption trend.

All of this should have already give you the right answer. Now, enjoy the ride even if you dont have money to buy the dip.

Is Crypto Really Dead or Just Taking a Breather?

Calendar source: https://www.investing.com/economic-calendar/