⚠️ The market is not collapsing… but it is testing the patience of traders.
Crypto Market Status | Update from yesterday and today
The cryptocurrency market has witnessed a noticeable decline over the last 24 hours with the return of selling pressures after several major currencies lost important support levels.
🔻 Overall market performance:
Bitcoin has declined, which has brought caution back to the market.
Ethereum and the other major currencies followed with similar declines.
The total market capitalization and trading volumes are decreasing.
📌 Reasons for the decline: 1. A global decline in risk appetite.
2. Liquidation of leveraged positions after breaking support levels.
3. Weak liquidity during some trading periods.
4. Anticipation of macroeconomic decisions and interest rates.
📊 General picture: The market is going through a healthy correction phase after previous upward waves, with current support levels remaining a crucial factor for the upcoming direction.
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Calmness and risk management are essential at this stage, as the market is still volatile in the absence of confirmed upward momentum.
