Market hit a new all time high this month, according to coingecko, the market cap was at $3 Trillion, but CoinMarketCap was at $2.939 Trillion. But on the 10th of November, the market cap of the total crypto market started declining in price, fell from $2.9 Trillion to $2.7 Trillion, which we thought was just a retracement. Whew!!! Boy!! That was a lot of market liquidation in billion, $200 Billion to be precise, but then the market started going up a little bit on the 12 of November and went to $2.8 Trillion on the 15th of Nowvember. There was hope that the market was coming back and might go higher this time. 

![image.jpeg](https://images.hive.blog/DQmcryievjGpKzcZtn39KQzdD8YxLdCY1TebP3rvobkLCmC/image.jpeg)
[source](https://images.unsplash.com/photo-1588167056840-13caf6e4562a?ixlib=rb-1.2.1&ixid=MnwxMjA3fDB8MHxzZWFyY2h8Nnx8YmVhcnxlbnwwfHwwfHw%3D&w=1000&q=80)

15th of November came the beginning of a bear market, not really a bear market per day but you know what I mean, a dip. The market dip from $2.8 Trillion to $2.5 Trillion, Man!!! That’s $300 Billion liquidation from the Bulls. On the 16th of November the market started giving some coming back sign by increasing from $2.5 Trillion to $2.6 Trillion. Then later went down to $2.4 Trillion, so you see that the market dropped by $500- $600 Billion(according to Coingecko’s $3 Trillion Market Cap Mark). 


While the market cap was dipping my portfolio was mooning, because the coins I had in my portfolio were dip rebels. Of course bitcoin had to be the leader of the dip clan since it’s always the first to dip, leading other cryptos(altcoins) to follow. Play to earns and Hive didn’t follow, which am proud of because Hive is my biggest bag right now and I love how rebellious it is towards the market dip. But then,  you can’t help but notice other coins in your portfolio that are following the dip theory, which states that “for most bitcoin dip, they follow an equal but no opposite direction of the dip”. 
>I’m sure this is definitely the first time you are seeing this theory, well you are welcome. 

I felt so sorry for them because I wanted them to go green also just like my play to earn coins and my Hive bag. Yesterday being the 29th of November, bitcoin started seeing green candles again, of course the other altcoins followed their leaders and got some green, my whole portfolio was green, unlike before, Hive was the only green while the rest were red.  I felt good, I felt finally the market was coming back to bull life, I woke up this morning and saw every where Red once again. After preparing how I was going to brag that the bear market dip we have been experiencing for some days was coming to an end and equate it to a 60 seconds bear experience. Well I guess we are riding the bear wave again. 


The bitcoin moon boys that predicted bitcoin would go to $100k before the year ends, am just here to remind them that we have less than 32 days to the end of the year, but may be just may be, we might see bitcoin get to that price, because once again, this is crypto, anything can happen. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@readthisplease/for-a-moment-i-thought-the-60-seconds-of-bear-market-was-over)