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
Plus500
Plus500 is a leading provider of Contracts for Difference (CFDs), delivering Leveraged trading on +2,000 financial instruments, including Forex, Commodities, Indices, Shares, Options and Cryptocurrencies. CySEC license number (#250/14)
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 Ethereum now
Plus500
Plus500 is a leading provider of Contracts for Difference (CFDs), delivering Leveraged trading on +2,000 financial instruments, including Forex, Commodities, Indices, Shares, Options and Cryptocurrencies. CySEC license number (#250/14)
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
Plus500
Plus500 is a leading provider of Contracts for Difference (CFDs), delivering Leveraged trading on +2,000 financial instruments, including Forex, Commodities, Indices, Shares, Options and Cryptocurrencies. CySEC license number (#250/14)
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 Cardano now
Plus500
Plus500 is a leading provider of Contracts for Difference (CFDs), delivering Leveraged trading on +2,000 financial instruments, including Forex, Commodities, Indices, Shares, Options and Cryptocurrencies. CySEC license number (#250/14)
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.
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
#BTC broke the M-Pattern neckline. Be careful out there. pic.twitter.com/1B3VQtZeu0
— MMCrypto (@MMCrypto) February 17, 2022
