#MarketDownturn

Cryptocurrency Drop

Ether, Ethereum's cryptocurrency, has accumulated major losses in the last 24 hours$ETH $BTC #nft #ETH . Richard Teng, CEO of Binance, does not believe that the current drop will extend in the long term, citing macroeconomic factors and possible interest rate cuts by the Fed.

José Artur Ribeiro, CEO of Coinext, points out that the recent drop was influenced by the unexpected increase in interest rates by the Bank of Japan, which appreciated the yen and brought down the Nikkei index. He notes that, despite recent geopolitical events, the macroeconomic situation has a greater impact on the cryptocurrency market.

Ribeiro suggests that the dip could be a buying opportunity for long-term investors, especially with the launch of new Ethereum ETFs and the expectation of US interest rate cuts.

He advises caution, recommending gradual purchases and constant monitoring of the market to adjust strategies and mitigate risks.