Cryptocurrencies, being relatively new and less regulated, are more prone to extreme price fluctuations.

The cryptocurrency market experienced a sharp decline due to a combination of factors including the volatility of traditional markets, macroeconomic concerns, and the inability to overcome certain price resistance levels.

1. Market volatility and the economic crisis, among other factors, may be the underlying causes of why cryptocurrencies plummet in a given period of time.

2. Appropriate strategies and knowledge can help you overcome the declines of cryptocurrencies and perhaps even profit from them.