Bitcoin $86,724.40 The price fell below $ 80,000 with a harsh decline in the last 24 hours. Ethereum 
$2,369.99XRP, Solana and Dogecoin 
$0.210486 Such leading crypto currencies experienced losses up to 8 percent. The loss of value throughout the market reached 20-25 percent on a weekly basis. Investors tend to avoid risk due to the wavy course of the market.
Hard losses in the crypto money market
The crypto money market has lost more than $ 900 billion in a month. Bitcoin experienced a decrease of more than 21 percent after encountering resistance of $ 106,000. Bitcoin hanging below the $ 95,000 support, creating anxiety among investors.
Ethereum fell to $ 2,100. Solana, XRP, Dogecoin and Cardano 
$0.674969 Large subcoins such as lost their support level. The narrowing of market liquidity caused investors to withdraw from crypto currencies. While the orientation to the US dollar increases, the pressure of global economic uncertainties on the market continues.
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What do experts and investors say?
Crypto money analysts say there may be further decreases in the market. Analyst Justin Bennett said technical indicators support Bitcoin’s downward movement.
“If Bitcoin does not exceed $ 92,000 in February, the possibility of recovery may fall, Ben Bennett stressed that the current situation of the market is worrying.
Arthur Hayes, CEO of Bitmex, foresee that there may be a harsh decline at the weekend. Hayes, “lower levels can be tested in the market,” he said.
On the other hand, investors go to gold by avoiding risk. Gold prices have risen around 10 percent since the beginning of the year, while the demand for Gold ETFs increased.
The narrowing of liquidity in the crypto currency market and the cautious movement of investors makes price movements more volatile. The effect of existing economic and political developments on the market is carefully monitored.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
