HomeWhy is Crypto down? The February 18 market crash explained

Why is Crypto down? The February 18 market crash explained

Daniela Kirova

As political tension between Ukraine and Russia reaches boiling point, cryptocurrencies are taking a hit. The crypto price crash runs parallel to a decline on the stock market plunge, provoked by Biden’s recent comment that Russia would invade Ukraine in the next several days.

Why is crypto down? The aftermath

Bitcoin’s price dropped by almost a tenth today. At the time of writing, it was trading around $40,000. Solana, Ethereum, and Cardano are also seeing losses. The overall market has shed almost $200 billion over the past week.   

Now that crypto is down, should you buy the dip? This guide helps with useful insights and informs you about the best places to buy some of the top cryptos by market cap.  

Top places to buy Bitcoin now

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.

Buy BTC with eToro today

Bitstamp

World's longest-standing crypto exchange. Since 2011 Bitstamp has been providing a secure and reliable trading venue to over four million individuals and a range of institutional partners.

Buy BTC with Bitstamp today

Top places to buy Ethereum now

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.

Buy ETH with eToro today

Bitstamp

World's longest-standing crypto exchange. Since 2011 Bitstamp has been providing a secure and reliable trading venue to over four million individuals and a range of institutional partners.

Buy ETH with Bitstamp today

Top places to buy Solana now

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.

Buy SOL with eToro today

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.

Buy SOL with Binance today

Top places to buy Cardano now

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.

Buy ADA with eToro today

Bitstamp

World's longest-standing crypto exchange. Since 2011 Bitstamp has been providing a secure and reliable trading venue to over four million individuals and a range of institutional partners.

Buy ADA with Bitstamp today

Now that I know why crypto is down, should I buy it?

Considering how hard it is to come up with an accurate cryptocurrency prediction, you should never take any decisions affecting your finances before an in-depth market analysis. Don’t invest more than you can afford to lose.  

Crypto on social media

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