news 
Why Crypto Market is Down Today? Bitcoin below $95,000
The crypto market has taken a drastic turn in the last three days, with Bitcoin losing almost $12,000 of its value and falling 11.25%. This sudden dip has led to a massive liquidation of around $1.10 billion, leaving many traders shaken.
The primary catalyst behind this significant drop is El Salvador’s loan deal with the International Monetary Fund (IMF) and World Bank. The agreement could potentially lead to increased regulations in the country, affecting the overall market sentiment.
As Bitcoin continues its downward trajectory, there is an imminent danger of it reaching $91,900, where it will find a moving average 20, providing crucial support for its future growth.
At this point, traders are advised to exercise extreme caution and prioritize protecting their funds. The crypto market can be unpredictable, and now is the time to tread carefully.
It’s essential to remember that every downturn presents an opportunity for buyers to accumulate assets at discounted prices. As such, whales are likely to take advantage of this dip and buy Bitcoin when it reaches the $91,900 level.
The article highlights the current market situation and provides valuable insights into what traders should expect in the near future.
Source: coinpedia.org
