Cryptocurrency Market / A big storm came in the crypto market, these 16 coins sank more than 25%

Cryptocurrency Market: There is a tremendous decline in the cryptocurrency market these days. In the last one week, the prices of 16 of the world's top 50 cryptocurrencies have fallen by more than 25%. This decline has given a big shock to the investors. This also includes Dogecoin and Donald Trump Meme Coin. At the same time, major cryptocurrencies like Bitcoin and Ethereum have also not been untouched by this crisis. Experts believe that the market may see further decline in the coming days.

Major reasons for market decline

Global economic slowdown: Due to rising interest rates and financial uncertainty, investors are distancing themselves from risky assets.

Cryptocurrency Regulation: Strict rules are being implemented on cryptocurrencies in many big countries of the world, due to which there is an atmosphere of panic in the market.

Selling by big investors: Cryptocurrency selling is being done in large quantities by institutional investors, which has further brought down the prices.

Investor Sentiment: The crypto market has been on a downward slide over the past few months, weakening investor confidence.

Most Affected Cryptocurrencies

The following 16 cryptocurrencies have seen their prices fall by more than 25% in the past week:

• Dogecoin – $0.252 (-25%)
• Cardano – $0.6978 (-25%)
• Chainlink – $18.27 (-27%)
• Avalanche – $24.49 (-29%)
• Needle – $3.00 (-25%)
• Hedera – $0.2328 (-25%)
• Polkadot – $4.62 (-28%)
• PayPay – $0.059999 (-30%)
• Near Protocol – $3.22 (-30%)
• Aave – $235.43 (-26%)
• Official Trump – $17.25 (-26%)
• Kronos – $0.093 (-27%)
• Kaspa – $0.086 (-32%)
• Render – $4.31 (-31%)
• Filecoin – $3.26 (-33%)
• Arbitrum – $0.44 (-31%)

Status of Bitcoin and Ethereum

Major cryptocurrencies like Bitcoin and Ethereum are also not untouched by this decline.

Bitcoin – $96,160 (-6%)

Ethereum – $3,480 (-21%)

Future prospects

According to experts, if the market does not stabilize, cryptocurrency prices may fall even further in the next few weeks. However, some investors are considering this a golden opportunity to buy.

Conclusion

This ongoing decline in the cryptocurrency market has caused huge losses to investors. Investors who had invested recently are currently in loss. But for those who have been in this market for a long time, this situation is not new. Investors need to remain cautious until there is stability in the market and regulatory clarity.