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Red in accounting is a negative sign meaning the financial records are not adding up. They don't give a good report. There is loss and declining trend that needed to be arrested before it gets out of hand. Blue on the other hand is a good colour. A good sign that everyone lookout for in a financial statement or during financial analysis. Blue means there is potential in the books and operations, there is profit and positive trend. At the sighting of blue, investors smile because it's a signal that all is well and going well but the sighting of red draws attention to that spot because of its negativity. And then so many questions begins to roll in pondering on the why, where and how it all happened.
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Such is the current state of the crypto currency market. No coin or token is at ease. Everywhere is red. The red trend has been flagging for about 3-4 weeks now but Tuesday to Thursday of May 11-13, 2021 has been exceptionally red in the negatives. All projects from the most popular and expensive Bitcoin to the obscure and not too popular coin and tokens. Everyone is feeling it without exceptions. What could be wrong with the market?
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No one seem to have a single answer fix it all. We were told someone withdrawn his holdings in Uniswap and also donated $1 billion worth of Shib to the Indian Covid 19 relief fund. The news also reported that Tesla had stopped accepting Bitcoin as a means of payment for his electronic cars. All of these and many more are contributing to the market decline. So many people are running at a lose. When will this negative trend stop?