Buy when everyone is scared and

sell when everyone is greedy.

The wave of panic grew in Bitcoin and Altcoins: Reasons for the declines🔻🔻🔻

You can experience a turbulent Sunday in the cryptocurrency market. While a cryptocurrency is being taken back to $57,000 levels, many altcoins are seeing double-digit declines.

The decline in #Bitcoin since the weekend deepened as the week ended. The total market value of cryptocurrencies decreased from 2 units of $126 billion to 1 unit of $975 billion today. $150 billion was erased in just a few times. The loss seen in the market since the week has reached $500 billion.

It is estimated that there are many factors immediately behind the declines. Friday's employment data fueled fears of a recession in the US economy. Following this, major indices such as the S&P 500 and Nasdaq recorded significant losses, and the cryptocurrency market took its share. In addition to the geopolitical tension of the other legs of the declines, it is evaluated that Trump's chances of winning the election have started to decrease.