From 126 thousand dollars, Bitcoin drops below 90 thousand dollars, and the likelihood of continued decline is present, thus the implications are significant, and losses exceed 1 trillion. However, more importantly, there is a large sell-off from major holders due to fear of increasing losses, especially after incurring billions of dollars in losses by highly leveraged traders and the liquidation of large assets. All of this has led to many investors refraining from investing, selling assets, and shifting towards safer investments, especially with the Federal Reserve continuing to not lower interest rates, which has strengthened the position of the dollar and reduced investors' appetite for digital currencies. Gold has also become the most purchased safe haven for investors. Therefore, the result is undoubtedly the continued losses in the cryptocurrency market as an investment that carries significant risks. From the above, the following can be concluded:-
-The American Federal Reserve is a key factor affecting the cryptocurrency market, and the continued interest rate hikes for the dollar mean a decline in Bitcoin and the cryptocurrency market.
-Breaches affecting some accounts of major business figures in the world have led to ongoing fears and concerns for companies.
-The continued decline of Bitcoin multiplies the volume of sales as a related process, which in turn multiplies losses and decreases the prices of cryptocurrencies.
-However, with all that has been said, the possibility of a rise after the ongoing correction is likely and inevitable, but when it will happen is uncertain and is related to several factors.
-In conclusion, cryptocurrencies are an investment that carries immediate risks, but in the long term, it is a successful and excellent investment with a strong and profitable future that outweighs losses over a short period.
