The Impact of Bitcoin's Correction

What I feared is happening in the crypto market. If you see and read my old post, the scenario will be quite clear for you. I mentioned that if #Bitcoin has risen in value so well, alt-coins should rise too.

Otherwise, altcoins are going to suffer a lot. Thus, if Bitcoin takes a correction, there will be a big dump in altcoins and coins that are not rose yet will be very bad for it.

I also said that Bitcoin correction is coming very soon and it is very imperative to go in one direction.

Such a correction is inevitable if the Bitcoin bull run is to continue. Bitcoin suddenly dumped today and its price went up to 40K. This is the kind of drop that has brought many altcoins to a halt.

A huge loss in particular for #hive which did not rise in value in this bull run and when Bitcoin took a correction, its value fell further.

Remember that more Bitcoin price drops will bring #hive coin down further, and not only #hive but many other coins will fall.

That's why I informed you earlier that the correction of #bitcoin is due and Altcoins will be more affected in case of any dump.

Hope this post is informative for you guys and wish anyone will benefit from it.

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