📉 Why is the cryptocurrency market declining? A drop in ETH, Pi, and XRP by 9%

The digital currency market has experienced notable downward movements in the past 24 hours, influenced by geopolitical and technical developments, along with massive liquidations in leveraged positions.

🔍 Key influencing factors:

• Increasing global tensions have led to a wave of "risk aversion" in the markets

• Investors have shifted from high-risk assets to safer options like gold and the dollar

• Liquidations exceeding $636 million from futures positions

🪙 How have major currencies responded?

Bitcoin ($BTC): Strong decline before partial recovery — technical support levels around 100K are being monitored

Ethereum ($ETH): Drop of over 10% trading near $2,196

$XRP: Decrease of about 9% to $1.97

Solana, Cardano, Dogecoin: Losses between 7% and 15%

📊 What's next?

Analysts suggest that geopolitical trends may continue to impact the market in the near term. Key support levels remain in focus for traders amid high volatility.

📈 Fear and Greed Index:

Currently stands at 40 (neutral), but continued tensions may quickly push it towards "fear."

💡 Summary:

Digital markets are going through a sensitive phase, with volatile movements likely to continue until the global political and economic path becomes clearer.

#Binance #crypto #NewsAboutCrypto #MarketPullback #IsraelIranConflict