Crypto Price Today: The crypto market did not see much activity on Saturday. The total market capitalization remained around $2.95 trillion, with only a slight increase. Major cryptocurrencies traded within a limited range, while some smaller tokens saw sharp movements. This clearly indicates that investor confidence in the market is currently balanced.
Impact of Gold and Silver Rally on Crypto
In recent days, gold and silver prices have shown strength. Whenever uncertainty increases in global markets, investors typically turn to safe-haven assets. This is why risky assets like cryptocurrencies are currently being avoided, and the impact is clearly visible in trading volumes and prices.
Bitcoin’s Price Today
Bitcoin’s price did not change significantly in the last 24 hours. It traded around $87,000 with a slight decline. For the past few days, Bitcoin has failed to break the $88,000 level, creating uncertainty among short-term investors.
Ethereum, Dogecoin, and Solana’s Status
Ethereum’s price also remained stable, hovering around $2900. Dogecoin saw a slight decline, appearing under pressure. Solana, on the other hand, showed limited gains, providing some relief to investors. Overall, the major altcoins showed a mixed trend.
What Strategy Should Investors Adopt During This Downturn?
The escalating tensions between the US and Venezuela, uncertainty regarding interest rates, and the global economic situation are putting pressure on the crypto market. However, experts believe that long-term investors can view this downturn as an opportunity. But caution and thorough research are crucial before a clear trend emerges in the market.