Falling Again Unexpectedly But ....

In the current conditions that the world is going through, nothing is expected to rise except the prices of commodities. As for investment assets, they are not the ones that are rising at the present time, simply because people need liquidity to buy basic commodities in light of a wave of high prices that the market is going through.

The price of Bitcoin is currently at $38,500, with a slight daily decline of 1.5%, and it still maintains its weekly performance at a 1% rise as well, but what made me doubt that the price will rise despite the circumstances I mentioned to you.

Because in fact, the movement of Bitcoin is horizontal in this way, and with a review of Volume, we find that we are more like a gathering area for cryptocurrencies, which continues for a while in the horizontal direction and then the price begins to rise and this is in normal circumstances, the same also applies to gold, which continued to move horizontally in the recent period .

But in this time and crisis we are going through, the rules are not going as usual for it, so Bitcoin fell and with it most of the other Altcoins, which made us lose $100 billion again from the Marketcap.

Looking at the most popular cryptocurrencies in the market after Bitcoin, led by Ethereum, we find that the price of Ethereum reached 2576 dollars, with a slight decrease of 0.5%. As for Binance, it was almost the same as Bitcoin, where the price of the currency reached 368 dollars, down 1.7%.

But contrary to what is going on, Luna got us back on the big momentum as its price reached $90 and started to rise again as it rose in the last 24 hours by 3%, other than that most of the other Altcoins fell by 1.5-2.5%.

We note great progress for Stable coins, which rose to advanced positions, where we find USDT at the top of the list in third place, followed by USD Coin in fifth place, and other Stable Coins that began to advance in the centers due to the decline of most other cryptocurrencies.

We are still waiting for a liberalization of the market, but I think it will not happen before the atmosphere on the political and economic scene in the world is stabilized again.