The cryptocurrency sector today shows sharp declines in major assets such as Bitcoin and Ethereum . The first has lost $ 60,000 on its biggest settlement day in a month and the second is currently holding at $ 4,000.

Charles Edwards, chief executive of investment firm Capriole, has blamed leveraged traders for causing volatility.

“Basically, Bitcoin is incredible, here in most of the metrics, but the leverage operators have lost control,” says this expert, in statements collected by Cointelegraph .

According to this medium, some of the top 10 cryptocurrencies by market capitalization experienced daily losses of more than 15%, including Dogecoin and Solana .

Others, such as Shiba Inu , remain an exception and are posting strong rises again today.

Analysts advise against dedicating a large part of our portfolio to the cryptocurrency sector, mainly due to the great volatility of this sector.

“You have a small chance of making a lot of money, but nevertheless you have a great chance of losing everything,” says Nate Nieri, CFP of Modern Money Management, in statements collected by Time .

For those who invest in cryptocurrencies for the long term using a buy and hold strategy, changes like this are expected, the post explains. “You don’t have to worry too much about the recent drops,” but those who have been through cycles like 2017 know that “some days it can drop by 80%,” Humphrey Yang, the personal finance expert, tells Time , referring to the crash. of the sector in that year, which caused large losses for the main assets, such as Bitcoin.

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