The cryptocurrency market is experiencing a period of volatility. Recently, the price of Bitcoin fell by 7% in just 24 hours, triggering a wave of liquidations of leveraged positions worth over €1.5 billion. This has led to a decline in the cryptocurrency market capitalization, which has fallen by 5% in recent days.
However, it is important to note that the cryptocurrency market is known for its volatility and that price drops can be followed by quick recoveries. In fact, some analysts believe that selling pressure is easing, which could reduce the chances of further declines.
In short, the cryptocurrency market is experiencing a period of volatility, but it is important to keep perspective and not make decisions based on short-term price movements.