Good morning friends of Binances.
Now yes. Crypto Market is Down. Reaching values of 2024. Which were between 82 and 83k. The reasons are varied, but the most important ones that have pushed towards these values are the following:
1- Large investors will move to silver and gold, which have outperformed Bitcoin as investors seek security.
2- The rise in the price of gold above 5,000 USD per ounce and the growing uncertainty regarding legislation on cryptocurrencies in the U.S., marking a critical moment in the global economy.
3- Investors' fear of the potential impact of a leadership change in the Federal Reserve of the U.S. This is currently being defined with the new appointment that will be made to replace Jerome Wall at the FED, which is said to have a negative history in fund management.
4- This fourth and main element is the possibility that the $BTC is reaching minimum values of the last four years to then rise to maximums (halving), which in the life of the cryptocurrency it has had and is generally executed to assume its maximum price and minimum risk level for the coming period. Which is generally 4 years and would apply for the next 4 years.
Let us hope today for the movements that will be made and we hope it will be for the common good.
Regards.