Bitcoin And Ethereum Crash By 15% In April 2022: What To Do Now?

Global cryptocurrency turmoil seems to be getting worse. What started out as a tough year for cryptocurrencies is showing its ugliest face now.

Bitcoin, the world’s biggest cryptocurrency has plunged by more than 15% in the last 10 days. Other altcoins have followed suit with Ethereum, the world’s second biggest crypto down 12% in a week. As crypto markets continue to plummet further, investors are in a fix regarding what to do next.

A quick look at some of the biggest and most popular cryptocurrencies on 11th April reveals a painful picture on the tape:

Most cryptocurrencies have fallen by 10% on average. The top three reason behind the cryptocurrency crash of April 2022 have been covered by us in a previous article.

What To Do Now?

Coming to the big question; What should investors do now?

According to some analysts and the BitMEX co-founder Arthur Hayes, there is more weakness and pain to come for crypto investors. The BitMEX CEO has predicted, solely on his gut feeling, that Bitcoin can touch the $30,000 mark in the coming days.

The World’s biggest cryptocurrency could not hold its crucial support levels of $42,000 and $40,000. Coming up next for Bitcoin, $37,000 is a major support and if that breaks, then the prophecy of BitMEX CEO might as well be next.