pexels.com
Last week was a blessing for crypto miners and traders but this week has been the exact opposite of it. The ongoing crisis between Russia and Ukraine has led to the crash in Crypto market. The crash is intensifying since a week and all traders are facing heavy losses.
The price of Bitcoin is below Rs 31.5 Lakhs while Ethereum is below Rs 2.2 Lakhs. Other major coins like Cardano, Ripple’s Xrp, Shib Inu, Matic have all crashed by a minimum of 10%. Because of Elon Musk’s tweet about Dogecoin, it is up by 5% today.
This is the right time to invest for all traders and also for beginners to enter the market. The prices of all the coins are very low right now and sooner or later the market will recover from the crash. Many investors are panicking because of their losses but panic selling id not the solution to this. Gaining maximum news about the market and understanding its dynamics will help you gain profits in short term and in long term.
Once the war between Russia and Ukraine is over and the problem is settled down the market will again rise up and then the investors will enjoy profits. The crisis has also affected the stock markets all over the world as the Sensex in India is also falling since a week now.