Crypto Market Crash: There has been an earthquake in the crypto market for the last few days. There is a continuous decline in cryptocurrency. Due to which investors have suffered huge losses. The price of Bitcoin has fallen by about 30 percent from its all-time high record.
Recently, Bitcoin fell below the price of $90,000, breaking its 7-month record. After this Bitcoin is continuously slipping. The condition of other cryptocurrencies is also similar. On one hand, investors have been shocked by the falling market, on the other hand, this could also be an investment opportunity for some investors who were waiting for the prices to fall…
Is it the right time to invest in crypto?
Crypto prices fluctuate very rapidly. However, the prices have fallen now. In such a situation, those investors were waiting for the price to come down. They can plan to invest. However, before taking any kind of investment decision, you must consult your financial advisor.
Fallen price of other cryptos including Bitcoin
According to coinmarketcap, Bitcoin was trading at $86,865 at around 1:30 pm on Monday. Bitcoin has fallen by about 10 percent in the last seven days. Ethereum was trading at $2,823. There was a decline of about 1 percent in this also. There was a slight rise in Tether. BNB and Solana had slipped by about 8 percent.
Reason for decline in crypto market
Low expectations of interest rate cut by the US Fed, ongoing fluctuations at the global level, selling by big and old investors and other reasons could be the reason for the decline in the crypto market.
Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)
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