We all saw $BTC make another low today and everyone is confused why it is happening. Major coins like $XPL are also facing draw backs of down bitcoin price.
The root cause of this dump is uncertainty in geopolitical situations. Everything is tense and everyone wants to play safe so people are pulling money out of risk assets. This applies to all crypto markets. Epstein files leak also caused a major fud on Epstein being Satoshi.
The US-IRAN standoff is also playing key role in this crisis and on top we saw some major US banks crash. But things are now going towards ease people are gaining confidence again. Trump ended the government shutdown and recovery is starting.
@Plasma is only down because of this uncertainty which is now easing. We will see XPL back to 0.11-0.14 zone. And after everything settles the real Plasma rally begins. DYOR and use this dip to your advantage rather than watching. Take small risks. I am trading XPL daily because I know that Plasma (XPL) day is near.