Cryptocurrencies in the Red

🔴In the past 24 hours, the total market capitalization of cryptocurrencies has decreased by over $400 billion. Bitcoin’s price has fallen below $50,000, and Ethereum has dropped more than 20%. This is the lowest price level since January 2024 and the sharpest decline in the cryptocurrency’s value since 2021.

🔴Experts consider the $49,000–50,000 range as a key support level for Bitcoin’s price. The further price dynamics will depend on the developments in traditional financial markets and actions taken by regulators. Investors are advised to monitor the geopolitical situation and news from the crypto industry.