Crypto market is stagnant and there is no such volume and also at consolidation phase. This is good to see BTC at consolidation because more consolidation more bullish.
Right now, the market scenario is not known and anything can happen any time. We are on the verge of new year and with the change of this month any big thing may happen.
Some good and bad news we have, good news that Trump will take oath-taking of its position. This is good because Trump is totally in favor of Crypto market. On January 20th, maybe this happen and we might see some bullish momentum.
But before this we have a great bad news and that is the delisting of USDT. Will this affect market? Yes, for sure, it will have huge impact on the market.
USDT is the most strongest stable coin and any bad news for it can shake the whole crypto market. If in case USDT breaks its peg then we will see Bitcoin below $50K within few days.
This is how this coin can impact the market badly. But the good thing is that USDT is only delisting for Europe countries while will remain listed in other exchanges in rest of the countries.
This is still bad news that EU are delisting USDT and will surely shake the market. Let see what happens and we must be prepared for every situation. Crypto market, highly volatile and also unexpected....
THANK YOU!
