The post Why the Crypto Market Is Crashing Today: Key Factors Behind the Drop appeared first on Coinpedia Fintech News In the last 24 hours, the cryptocurrency market has witnessed a damaging drop of 7.9%. Almost all the major cryptos have suffered the impact of the overall crypto market decline. Importantly, yesterday, the altcoin market sharply declined from $1.49T to $1.38T. The latest crypto trend bearish turn is seen as a consequence of the US market downfall and the strengthening of the US dollar against major currencies. Yesterday, the S&P 500 index slipped from around $5,993.96 to $5,909.02. However, experts believe that the bull trend in the crypto market remains intact. Is now the time to buy into Bitcoin’s dip? Let’s explore. What Caused the Crypto Market Correction? On January 7, the S&P 500 displayed a severe single day drop of 1.38%. Several prominent US stocks, Tesla and Nvidia, showed similar trends on the same day. Tesla declined from $406.15 to $393.65, and NVIDIA sharply plummeted from $153.11 to $140.14. Last day, the Euro, against the US dollar, has grown by 0.46%, the Japanese Yen by 0.30% and the Indian Rupee by 0.11%, demonstrating the growing strength of the US currency against prominent currencies. Reports say that these factors have influenced the crypto market negatively, causing into to show a sudden reversal. Insights from the Options Market Reports indicate that short-term implied volatility has increased slightly but remains low. Reports add that options skew and futures appreciation has not shown any notable changes. Meanwhile, market indicators suggest that expectations for future volatility are stable. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Ripple CEO Meets Donald Trump: A Major Announcement Looming for XRP? , Is the Bitcoin Bull Market Still Intact? In the last 24 hours, the Bitcoin market has dropped by approximately 5.0%. In the last one hour alone, it has declined by at least 0.3%. Experts believe that the current decline is temporary in nature. They point at the market’s strong fundamentals and its growing demand as the key signs of its future growth potential. Greeks.live, an options trading expert, in a recent X post, recommends a $100,000 short-term call option as an affordable strategic move. Cryptocurrencies saw a sharp correction due to plummeting U.S. stocks such as Nvidia and Tesla, with Bitcoin dropping below $100,000 again, and Altcoins dropping even more violently, as market sentiment turned pessimistic. In terms of options data, short-term IVs rebounded… pic.twitter.com/FJZWgI3Mdn — Greeks.live (@GreeksLive) January 8, 2025 In conclusion, despite recent corrections, Bitcoin’s bull market outlook remains strong . With strategic opportunities in Bitcoin options, traders and investors can navigate these market shifts confidently. .article_register_shortcode { padding: 18px 24px; border-radius: 8px; display: flex; align-items: center; margin: 6px 0 22px; border: 1px solid #0052CC4D; background: linear-gradient(90deg, rgba(255, 255, 255, 0.1) 0%, rgba(0, 82, 204, 0.1) 100%); } .article_register_shortcode .media-body h5 { color: #000000; font-weight: 600; font-size: 20px; line-height: 22px; } .article_register_shortcode .media-body h5 span { color: #0052CC; } .article_register_shortcode .media-body p { font-weight: 400; font-size: 14px; line-height: 22px; color: #171717B2; margin-top: 4px; } .article_register_shortcode .media-body{ padding-right: 14px; } .article_register_shortcode .media-button a { float: right; } .article_register_shortcode .primary-button img{ vertical-align: middle; } @media (min-width: 581px) and (max-width: 991px) { .article_register_shortcode .media-body p { margin-bottom: 0; } } @media (max-width: 580px) { .article_register_shortcode { display: block; padding: 20px; } .article_register_shortcode img { max-width: 50px; } .article_register_shortcode .media-body h5 { font-size: 16px; } .article_register_shortcode .media-body { margin-left: 0px; } .article_register_shortcode .media-body p { font-size: 13px; line-height: 20px; margin-top: 6px; margin-bottom: 14px; } .article_register_shortcode .media-button a { float: unset; } .article_register_shortcode .secondary-button { margin-bottom: 0; } } Never Miss a Beat in the Crypto World! 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updateSubscriptionButton(); } } }); FAQs Should I buy Bitcoin during the current dip? Experts suggest the current Bitcoin dip is temporary, offering strategic buying opportunities for long-term investors. How is the crypto market doing today? The crypto market is down 7.9%, with major altcoins and Bitcoin seeing significant declines due to macroeconomic factors. What’s hot in crypto right now? Despite the dip, Bitcoin options strategies and emerging AI-driven crypto projects are gaining attention among investors.
