Bitcoin has fallen over 13% in the past two days, hovering at $52,000, while Ethereum dropped 21% to $2,100. The decline in Bitcoin prices has sent cryptocurrencies into a downward spiral, with all cryptocurrencies experiencing losses.
The Fear and Greed Index has decreased to 26, indicating heightened fear among investors today. However, this year has been marked by historical declines followed by record recoveries. Most investors anticipate that the market will stabilize and reach another record high soon.
According to CoinGecko, despite short-term dips, Bitcoin has consistently trended upward over the long term.
Market fluctuations are a natural part of the ongoing investment cycle, and dips can offer opportunities to buy cryptocurrencies at a discount.