Cryptocurrency

Donald Trump

Kamala Harris (kamalaharriscoin.com)

Kamala Harris (kamaharris.fun)

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-experience-significant-losses-in-cryptocurrency-market/" data-wpel-link="internal">Investors Experience Significant Losses in Cryptocurrency Market</a><br></p>
<p style="text-align: justify"><strong>Cryptocurrency</strong> market experienced a significant drop on August 5th, known as Black Monday, with major cryptocurrencies, especially Bitcoin, facing a substantial decline. Bitcoin lost 19.91% of its value within a week, and its <a>price</a> briefly fell below $50,000, reaching as low as $49,000. According to CoinMarketCap <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a>, all major cryptocurrencies ranked by market value, except for Tether (USDT), experienced a deep decline in the last 24 hours.</p> 
<h2 style="text-align: justify" id="us-growth-concerns-and-election-uncertainties">US Growth Concerns and Election Uncertainties</h2> 
<p style="text-align: justify"><strong>Nansen</strong>‘s report indicates that the main reason for the market fluctuation on August 5th was “growth fears in the US.” Weakening economic growth expectations among <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> initiated a reassessment process among risky assets.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-377204 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/bitcoin-8-1.jpg" alt="" width="740" height="415"></p> 
<p style="text-align: justify">This situation led to significant sales in high-risk assets like cryptocurrencies. At the same time, the narrowing gap between Donald Trump and Kamala Harris in the presidential election polls created an additional political risk in the markets.</p> 
<h2 style="text-align: justify" id="policy-change-by-the-bank-of-japan">Policy Change by the Bank of Japan</h2> 
<p style="text-align: justify"><strong>Bank of Japan</strong>‘s steps towards policy normalization had a significant impact on global markets. This policy change negatively affected investor sentiment and contributed to the wave of sales. High volatility and the possibility of a recession reduced investors’ interest in risky assets and encouraged a more cautious approach.</p> 
<p style="text-align: justify">The Nansen report suggests that the increasing likelihood of a recession and high volatility should lead investors to consider reducing their risk allocations rather than increasing them. It emphasizes that taking advantage of price recoveries to reduce exposure would be more sensible.</p> 
<h2 style="text-align: justify" id="over-1-billion-liquidation-in-bitcoin">Over $1 Billion Liquidation in Bitcoin</h2> 
<p style="text-align: justify">With the drop in Bitcoin’s price, the total liquidation amount exceeded $1 billion. The Crypto Fear and Greed Index dropped significantly from last week’s value of 74 to 26. Currently, Bitcoin is trading at $55,462, while <strong>Ethereum</strong> is at $2,439, <strong>BNB</strong> at $465, <strong><a href="https://en.coin-turk.com/solana-experiences-significant-price-rally/" data-wpel-link="internal">Solana</a></strong> at $132, and <strong>Ripple</strong> at $0.49.</p> 
<p style="text-align: justify">Nansen’s report detailed the main reasons for this sudden and significant drop in the crypto markets. US growth concerns, political uncertainties, and the Bank of Japan’s policies forced investors to avoid risks.</p> 
<p style="text-align: justify">During this challenging period, it is generally advised for investors to view price recoveries as opportunities and act accordingly. Additionally, not panicking during rapid ups and downs is one of the fundamental rules of the market.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/investors-experience-significant-losses-in-cryptocurrency-market/" data-wpel-link="internal">Investors Experience Significant Losses in Cryptocurrency Market</a></h5>
<p>The post <a href="https://en.coin-turk.com/investors-experience-significant-losses-in-cryptocurrency-market/" data-wpel-link="internal">Investors Experience Significant Losses in Cryptocurrency Market</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Investors Experience Significant Losses in Cryptocurrency Market

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