According to Justin Sun, the crypto market is now in the stage of correction, but the situation will change in July and August this year.
TRON CEO Justin Sun said on Twitter that the cryptocurrency market will return to growth again in July or August this year. In his opinion, cryptocurrency are now at the stage of correction, but the situation will change in the coming months. Sun noted that this is his personal opinion and should not be considered as investment advice.
My personal opinion about current market. This is not investment advice: The bull market is certainly not over. We are in the period of the adjustment of bull market. June will build a steady trend. July and August will certainly start a new round of bull market.
— Justin Sun 🅣🌞 (@justinsuntron) May 24, 2021
The price of bitcoin and altcoins began to decline on May 13 amid Tesla’s temporary refusal to sell electric vehicles for cryptocurrency. Later, rumors surfaced on Twitter that the automaker had started selling its bitcoins. Tesla CEO Elon Musk then denied them and said the company hadn’t sold a single coin since March.
On May 19, the bitcoin rate fell to $ 30 thousand. At this level, the digital coin was last traded in January of this year. After that, the cost of the main cryptocurrency reached $ 42 thousand, but its value fell again to $ 31 thousand amid calls from the Chinese authorities to tighten regulation of mining and trade in cryptocurrency. On May 24, the price of bitcoin is $ 37.7 thousand.
