📉 This morning, $BTC turned red, and with it the entire crypto market



A correctional dynamic was observed in the market, $BTC began to gradually decrease to the lower limit of the sidewall and pulled the viola along with it, which ultimately showed a decline in the region of 10% — 15%. This dynamic was expected, since many alts gave more than 100% growth, which led to a natural correction against the background of profit fixation from investors.

The dominance of the main asset has grown to 63%, so we see a strong correlation between alt and bitcoin. However, there is no need to panic, this is only a local decline that is unlikely to last for a long time, and it should be considered as an opportunity to get assets at more favorable prices.
BTC1.27%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)