Today the cryptocurrency market opened in red. On Binance, almost all major cryptos show a notable drop: Bitcoin is down 3.5%, Ethereum down 4%, Solana down 4.3%, and other altcoins are following the same trend. Only BNB seems to be weathering the storm better.
Why is this happening? These drops are usually due to global economic news, decisions from the Federal Reserve (such as possible rate hikes), or general fear in the markets (FUD).
What to do?
✅ Don't panic.
✅ Evaluate if it's a good time to do DCA (buy small amounts on the dip).
✅ Check technical supports and maintain liquidity.
✅ Use BNB if you need to move funds with low fees
Falls are also opportunities if acted upon with a cool head!