Over the past three days, the cryptocurrency market has experienced extreme volatility, losing more than $210 billion in value since June 11. As tensions between Israel and Iran re-emerged, the market has been experiencing strong selling pressure and concerns about what could affect the future recovery of the crypto market.
Over the past week, bitcoin has lost around 0.5%, while ethereum has seen a slight decline of 0.1%. However, a few cryptocurrencies have continued to defy the volatile market, posting double-digit percentage gains, proving that there is determination in the trading process even in these difficult times.
One of the factors affecting the value of the crypto market is the uncertain geopolitical situation, including the escalation of conflicts in the Middle East, which can affect investor confidence in the crypto market. There is also pressure from the policy adjustments of central banks in many countries, which may affect the demand for this digital asset.
Some reputable exchanges have reported an increase in trading volumes during times when the market value has significantly decreased. At the same time, experts also emphasize the importance of choosing coins with strong fundamentals and continuous development to effectively cope with changes in the market.
However, the coins that have captured the most attention lately may be Dogecoin and Cardano, which have both posted impressive gains. Dogecoin has seen at least a 12% performance increase since the start of the week, while Cardano has rallied almost 15%, demonstrating its ability to recover even in an uncertain market.
Investors, followers, and enthusiasts of the crypto market are hoping that the market will find stability in the coming days. However, the fact that the market has recently been through a difficult period may mean that the recovery will take longer, especially considering the external factors that may affect the situation in the future.
The current situation has sparked debate in investment circles about the future of cryptocurrencies, including the chances of a market recovery or collapse in the near future. While many believe that positive changes will follow the improvement of global monetary policy, concerns about the governance of digital markets remain of interest to investors at all levels.
Of course, further investigation and analysis are needed on the direction the market will take in the future, both in terms of monetary policy and geopolitical situations, while investors with deep knowledge and understanding of the situation may be able to increase their opportunities to profit from this volatility effectively.
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