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Investors and traders are getting more and more concerned about the conflict between Russia and Ukraine. On Thursday, the market volatility measure VIX rose by 15% and oil is climbing toward $100 per barrel.
There doesn’t seem to be an easy way out of this situation. The Financial Stability Board chair has warned against imposing sanctions on Russia as this would present a risk to global financial stability.
The crypto market was not spared from the overall damage. As one of the most sensitive and volatile assets, cryptocurrencies were actually the first to suffer. The vast majority of top 100 cryptos by market cap has been declining steadily over the past week.
Why is crypto crashing? The consequences of the conflict
Bitcoin has lost around 6% of its value today and over the past week. At the time of writing, it was trading at below $41,000. Solana, XRP, and Avalanche have lost 3%, 2%, and 4% respectively in the last 24 h.
Seeing as crypto is crashing, is now the time to invest in it? Look no farther than this short guide for the most useful insights and information about the crypto crash and the top places to buy Bitcoin, Solana, XRP, and Avalanche.
Top places to buy Bitcoin now
Binance
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.
eToro
eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.
Top places to buy XRP now
Binance
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.
eToro
eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.
Top places to buy Solana now
Binance
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.
eToro
eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.
Top places to buy Avalanche now
Binance
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.
eToro
eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.
Is now the time to invest in crypto?
The top cryptos covered in this guide can all be lucrative investments, but the outcome depends on whether your timing is right. Cryptocurrencies are extremely volatile, even the most established ones, so the bearish trend could reverse more quickly than you think.
Crypto on social media
The post Here’s why crypto is crashing today appeared first on Invezz.
