There has been an undesirable pull in the crypto market recently, and this has drawn the attention of many investors in the crypto field. For anyone who owned crypto asset at this time with the aim of getting profit. Some are long-time holder and might not be troubled a lot presently, but for a short time holder that just came into the market because of the information about the rise of Bitcoin and other cryptocurrencies, it's a thing of great concern.

Looking at the price of Bitcoin, Bitcoin cash, Ethereum, Solana which is a little way centralized and even other coins, there has been a drastic dip in the market price at the moment. However, market cap keep increasing with 1.01% in the last 24 hours. Over $1.97 trillion U.S. dollar has been recorded globally.

In the last 24 hours, the price of Bitcoin floating between 41k and 43k and presently with the available charts according to Bitcoin Cash wallet.com the price is 41.5k with the negative percentage increment of 0.59 percent.

In the last twenty four hours, the peak and the base market price remain between the range aforementioned and the peak price is 42.6k

As at last year (2021) Kazakhstan became the largest Bitcoin mining country, as well with 18% of mining volume in the year according to CNN.

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https://www.cnn.com › investing › b...

Kazakhstan is huge for crypto mining. Political upheaval could ... - CNN

They hold the capacity of affecting the Bitcoin world.

The market lockdown in Kazakhstan by the government which is a preventive measure ahead of protest and this has a large effect on the bitcoin. Although after the long or short time of protest and probably violent, things will come back to place and many of the Chinese crypto miners will be able to go back to their places of work and mining hubs will be active again. As known that the crisis will end in a matter of days or weeks, there is still reason to be confident that the price will still push up.

I believe that the cause for the closing of mining hub will be resolved as soon as possible.

Moreover, the consequent withdrawal of large sum of funds from crypto world by the Fed to support the another business which took place immediately after the agreement of their last year summit was dropped online also had a drastic negative impact on the price of Bitcoin and other cryptocurrency. Though, the later news must have posed a threat to the crypto world as the Fed's own 9% part of the global bitcoin.

Since the prices of the of BTC has been going down but yet, it still maintains its balance between the 41k and 42k but the Bitcoin forked coin (BCH) was been showing enormous drop down over the last two weeks and could not maintain low relative percentage difference in reduction when compared to BTC. It is difficult to understand what is responsible for this, yet there is still hope for rise its rice again

Conclusion

If you BTC and BCH as asset presently, it is better to keep and even buy more because it will still rise again.

It is not advisable to sell at this point in time. Though the price might still go down a little bit more during this month. It will surely rise again.

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