It's hard to accept. Today, not only is the cryptocurrency market volatile, but assets famous for their stability like gold also recorded a significant decline.
The cryptocurrency market has seen a sudden bout of volatility, experiencing a 24-hour price drop and causing nearly $1 billion to be liquidated.
While waiting for the market to stabilize and avoid risks, you can:Unlock your completely free mystery gift box below and claim up to $6666 in prizes
👉 CLAIM BOX NOW: detailscrypto.com/ga (COPY and paste into browser)
DTo participate in the lucky draw, win 100%. You need to complete the simple steps. Good luck
Bitcoin was one of the least affected assets, but its price still fell from around $71,000 to $65,000 before recovering to around $67,000.
Volatility across all markets
Meanwhile, altcoins experienced sharp price drops as many prominent assets such as Solana, XRP and memecoins such as Dogecoin, Shiba Inu all recorded double-digit drops within hours.
The decline was evident even in more mature sectors, like the US stock market, as the S&P 500 fell from above 5,210 to below 5,100 in a matter of minutes.
Even gold, arguably the asset best known for its stability amid crisis and volatility, fell 4% in a matter of hours from an all-time high of $2,433 to $2,333.
Prospects of the cryptocurrency market
Although, the cryptocurrency market remains in the red but at the time of writing there has been a significant recovery from the lows recorded in the early hours of today.
In particular, analysts predict that Bitcoin and the cryptocurrency market will recover strongly in the coming week. As the most important event of the year, the Bitcoin Halving is expected to take place in just a few days, is expected to be the catalyst for a new price rally.
