📉 What is happening in the cryptocurrency market today? The crypto market is experiencing a strong shock in prices over the last few hours, with a downward wave affecting almost all major currencies. The market value of cryptocurrencies has decreased by about 6% over the last 24 hours, and most of the top 100 currencies are in the red. Bitcoin (BTC) is currently trading near $66,000 after a clear drop from its recent peak above $73,000 earlier the same day. Since the peak in November above $126,000, Bitcoin has lost nearly 45% of its value as large investors continue to take profits. Analysts describe what is happening as a phase of "capitulation" or a market reset rather than a mild correction, with investors looking to reduce risk. In contrast, there are some altcoins that are still showing signs of strength and upward opportunities thanks to technological developments and updates on networks, making liquidity movement currently very selective and not a general upward trend for the entire market. My question for you:
In your opinion, is this drop a new buying opportunity or the beginning of a longer downward cycle in the crypto market? Share your thoughts 👇
