This week starts with a downturn in cryptocurrency markets as every asset showing red in its price and market capitalization graphs. Bitcoin and Ethereum, the two leading digital currencies are currently trading at lower values than their ATH reached in the bull market of 2021. Over the last 24 hours, Bitcoin has fallen by 2.45% and Ethereum by 1.86%. The total market capitalization has also dropped from 1.24 trillion to 1.2 trillion. Leading losses in the market are represented by Sui (SUI) and PancakeSwap (CAKE) with a 11.15% and 9.9% drop, respectively.

Analysts and experts in the field project that the current situation is set to change in 2023 and investors can experience significant profits. Even though the specifics of the crypto market can't be fully predicted, investors engage in regular and periodic investments intending to gain long term rewards. Strikingly, crypto markets are particularly volatile and crypto investors should bear that in mind.

In conclusion, the crypto market has encountered a sharp blow this week as 96 of the top 100 digital assets by market capitalization have recorded negative milestones in the market. While it is still possible for some investors to be successful in the current market conditions, investors are encouraged to take into account its volatility when making decisions. It is expected that in 2023 the market will bring more pleasant surprises for investors.



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