The decline in cryptocurrency prices today is due to several main reasons:
1. Geopolitical tensions: Tense situations in the Middle East, such as the conflict between Israel and Iran, have led to investors’ fears of high-risk markets such as digital assets.
2. Market Correction: After a strong rally in the previous months, the market witnessed corrections as demand declined.
3. Massive liquidation: Hundreds of millions of long positions were liquidated, putting pressure on prices, especially in currencies like Bitcoin and Ethereum.
Currencies to buy:
In light of the current declines, there are currencies that may be suitable for investment:
Bitcoin ($BTC ): Has seen heavy buying by whales, indicating expectations of a future price increase.
Ethereum ($ETH ): Still one of the strongest digital assets with ongoing projects.
Ripple ($XRP ): Despite the current decline due to regulatory disputes, the end of these issues may push the price up again.
advice:
Before making a purchase decision, review market expectations and make sure the investment aligns with your financial plan and risk tolerance.
