The world of cryptocurrencies is in turmoil: in bitcoin Big drop of up to 54%, only this price remained
Cryptocurrency Prices: This Year for Cryptocurrencies It’s been the worst year ever. world of cryptocurrencies There is huge upheaval. by the Federal Reserve
While US equities suffered major losses a day after raising interest rates, crypto selling resumed on the other hand. In the morning, the price of bitcoin was down more than 8% and was trading at $20,567. Was. The world’s biggest crypto is down more than 54% so far this year (YTD).
Big drop in crypto market
On the other hand, the coin associated with the Ethereum blockchain and the second most
Major Cryptocurrency Ether Price Drops Over 10%
Was. It fell to $1,085. Meanwhile, today Dogecoin price was also trading down more than 7% to trade at $0.05 while Shiba Inu also fell 5% to $0.000008. The global cryptocurrency market cap fell from $1 trillion to $937 billion today. This is a drop of about 8% in the last 24 hours.
More fall will come!
Other cryptos such as Stellar, Uniswap, XRP, Tether, Solana, Polkadot, Avalanche, Polygon, Chainlink, Terra Luna Classic, Cardano, Litecoin and Tron were trading with price cuts of 3-11%. Be aware that all types of crypto have major downsides. Many firms in this sector have announced layoffs and hiring fridges, according to market experts, there may be a further fall in crypto prices, so be careful.
Crypto Crash : Horrible drop crypto market,
If you have money too, then protect it
Cryptocurrency investment : 2022 is just disappointing the crypto currency investors so far. Recently, bitcoin, the biggest player in the crypto market, closed at its lowest level around Rs 17.55 lakh.
Similar is the case with other currencies like bitcoin.
Crypto market reaches its lowest level since December 2020
has gone. Experts say that the fall in the crypto market
The reason is being seen due to the fear of recession in America and increase in interest rates. Crypto due to continuous decline
The market is in serious trouble. If you want to invest in crypto or have already invested in crypto and want to avoid losses, then we have brought some such tips for you.
Cryptocurrency Investment 2022
Recession in the crypto market The prices of bitcoin, ethereum and other cryptocurrencies have been falling for the past several days. The rate of retail inflation in the US has been the highest recorded in the last four decades. It is feared that the Federal Reserve Bank of America may increase its interest rates to control inflation. Improvements in the S&P, Dow, and Nasdaq, along with rising interest rates, are prompting investors to shift from crypto to tech stocks and commodities in the US.
how to avoid loss
At present, the entire crypto market is falling down. Such
Don’t panic in the condition. staying in one place makes you more
can save from harm. The size of the crypto currency market is quite small. Along with this, volatility in crypto is also high. This is the reason why there is a rapid decline in the crypto market. It is expected that no matter how much bitcoin declines, its minimum value is expected to be around $20,000 to $18,000. If the value of bitcoin falls below $20,000 then the market conditions will be very bad. In such a situation, investors have to prepare themselves for this.
Don’t bother with Red Portfolio
Experts who invest in crypto say that if your crypto investment portfolio is down. Right now you don’t need the money so stick to your portfolio. Do not panic due to the current decline of the crypto market. On the other hand, if you need money or are troubled by current losses, then sell your base portfolio so that you get some money. Considering the current market conditions, partially investing can be done.
New investors choose SIP
At present, new investors can only access bitcoin and ethereum.
Like investing in cryptocurrencies. According to Money Control’s report, new investors should invest 70 percent in bitcoin and 30 percent on ethereum. Along with this, one should avoid investing large sums of money in the crypto market at once. Instead, investing over a period of time with an investment structure like Systematic Investment Plan (SIP) is a better option. Platforms such as Bitbns, Unocoin, Vault and Zebpay allow you to invest via SIP on Bitcoin, Ethereum and other cryptocurrencies. SIP investment reduces the chances of loss.
Don’t be greedy for more profit
The lure of making more profit in the crypto market can fool you.
Can get caught in a trap. At present, there are many thugs in the market.
There are those that will tempt you to make more profits. don’t be greedy
Come and keep your distance from them. Currently any new crypto
Avoid investing in currency. Investing in crypto is very risky. Invest only as much as you can bear the loss.
Do research before investing
Understand Crypto Currency Before Investing in the Crypto Market
Do not invest by falling prey to advertisements. However, the advertising watchdog ASCI has been very strict on celebrities advertising cryptocurrencies. In such a situation, you will see very few advertisements investing in crypto. However, you have to decide whether investing in the crypto market is a good fit for you. You have to be prepared for the high risk factors of the crypto market. Rely on market research more than advertising.
How much to invest in the crypto market
While investing in the crypto market, keep in mind that you yourself
Keep away from gambling. You from the High Risk Factors of the Crypto Market
If you are worried, then you should invest only 2 percent of your total investment in the crypto market.