Both Bitcoin and Ethereum have fallen to their six months low, with their prices hovering around $33K and $2K respectively. As the stock market is tumbling, the crypto markets are showing very high correlation to them and following their downward trend. And crypto is inherently a riskier asset, and when fears grip the market the riskier assets are the first ones to get dumped. This downturn is not a reflection on the fundamentals of Bitcoin, Ethereum, or crypto in general, but the response to fear and uncertainty in the financial markets.
We should expect things to get better in the next few months, hoping the conflicts and macroeconomic conditions improve. Meanwhile if you are still invested in crypto, think about diversifying and buying Cardano, or Polkadot to hedge against Bitcoin, and Ethereum.
Disclaimer: Not financial advice, please DYOR
