Crypto Prices Today: Instability continues in the global cryptocurrency market, and its impact has been steadily deepening over the past few weeks. On Friday, the price of Bitcoin once again fell below $90,000, further increasing uncertainty among investors. Market analysts believe that investors are currently cautious about a potential rate cut by the US Federal Reserve. Changing inflation trends, economic indicators such as recession fears, and rising global tensions are directly impacting this market.
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Crypto Market Cap Falls to $3.05 Trillion
The biggest impact of the continuous selling pressure is being seen in the total market capitalization. The global crypto market capitalization has fallen to $3.05 trillion. Small investors are rapidly exiting the market due to their inability to understand the situation, which is further increasing the volatility.
Bitcoin Price Below $90,000
The world’s largest cryptocurrency, Bitcoin, saw a slight increase of 0.13 percent in the last 24 hours, but the price is still trading below $90,000, around $89,470. Its market cap has also fallen to $1.78 trillion. Experts believe that a rate cut by the Federal Reserve could lead to a significant surge in Bitcoin and other digital assets.
Pressure on Ethereum, XRP, and Other Altcoins
The second largest cryptocurrency, Ethereum, registered a 0.54 percent increase within 24 hours, and its price rose to $3,046. However, its market cap is still under pressure and is around $367 billion. The price of XRP has fallen to $2.03. Solana saw a 0.74 percent decline, falling to $0.1401, while Cardano slipped to $0.4154.
Pi Coin’s sharp decline continues
Pi Coin, which garnered significant attention during its bull run, is now facing a steep decline. It fell by another 0.03 percent in the last 24 hours, dropping to $0.2261. A 6.81 percent drop over the past week and a more than 86 percent decline over the past year make it one of the worst-performing cryptocurrencies.
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Robert Kiyosaki’s warning and investment advice
Renowned financial advisor and author of Rich Dad Poor Dad, Robert Kiyosaki, recently warned investors to exercise caution. He advised reducing reliance on the dollar and suggested that investors allocate a portion of their capital to stable assets such as gold, silver, Bitcoin, and Ethereum. Kiyosaki emphasized that prudence and caution are the greatest assets during this period of market uncertainty.