In the past 24 hours, a combined record of over $6.5 trillion in market value has disappeared from global financial markets (precious metal, stock, crypto).
A simple comparison can be made to understand just how big the figure is. The number is about one-third of the total GDP of China, the world's second largest economy! I couldn't find any significant reason behind it on the internet. Not a big event, not a Trump press briefing, not an Elon Musk tweet, not the US attacking Iran.
However, some have blamed the manipulation of big exchangers as the reason behind this. This argument is not to be dismissed, but the Binance CEO tweeted outright denying the claim. Many people think that Friday is the market closing day and the end of the month. So traders usually prefer to take profits and keep cash before the weekend without taking any risk. Again due to the sudden crash of the market, the panic of the retail investors has also been added to it.
At the moment the market price has returned to the price exactly 1 week ago. That probably won't worry long-term investors too much. But in such a situation, the best decision is to observe the market and stabilize it, then move forward.
Note: Many people ask "Brother, is it right to buy gold now, brother, will the price of Tesla shares increase now, brother, is it better to buy Bitcoin now". Sorry bro I am not a financial advisor. So it is not possible for me to advise anyone in this regard. I am a tech world person, I post tech related stuff only. The money is yours, the decision on these matters is also yours. thank you