Bitcoin is trading below $20,000 the lowest level since December 2020. From its all-time high level of 69K, BTC is down by 72%. Many altcoins are down by 90%
Inflation, Russia-Ukrain War and Rising interest rates are the main reasons behind the global sell-off in equity and Crypto Market
In the Bear market, you make money by shorting #Cryptocurrencies. Most of the Crypto exchange allows you to short $BTC. This can be an hedge against your current holdings.
The trend for #Crypto market is negative and its a sell on rise market.
We may see short term rallies of 20-30% but it will take a long time for full recovery