While the declines in the cryptocurrency market remained as minor corrections, heart-warming statements came from the experienced analyst.
Bitcoin between 20-21 February 4% experienced a withdrawal and with it the altcoins Drops up to 10% had been seen. But this short-term down season ends on February 21st. NVDIA It reversed with the announcement of an earnings report above expectations. Especially focused on artificial intelligence SingularityNet (AGIX), FetchAI (FET) And The Graph (GRT) Projects such as these experienced increases of up to 44% in a short time.
Making a statement to CoinDesk Global about the issue, FxPro senior market analyst Alex KuptsikevichWhile describing what happened as a minor correction, he told investors, “No panic” he called.
Ethereum on February 17 up to $2,700 Describing the decline as a correction of this month’s upward trend, Alex Kuptsikevich reminded that both Ethereum and altcoin investors should not worry as long as it does not fall below this level:
Bitcoin managed to avoid a sell-off without repeating the upward momentum observed in recent days. Technically, Ethereum’s decline to $2700 is a correction of this month’s rally and should not cause much panic. Falling below these levels could be a cause for concern for these assets.