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Bitcoin Price Weakens Further: 4 Steps to Protect Your Crypto Portfolio
Bitcoin fell nearly to the lowest level since September 2024 and is down about 54% from the $126,000 peak it hit last October. This downturn has wiped out more than $2 trillion of total crypto market value.
The crypto market’s Fear & Greed Index is deep in “Extreme Fear.” Even Bitcoin bulls like Michael Saylor, Strategy founder who built his reputation around one unbreakable rule: “Never sell Bitcoin,” recently sold 32 Bitcoin. This was its first sale of the volatile commodity since December 2022.
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If you’re sitting on losses or wondering if this is a buying opportunity, here’s how to protect your portfolio without letting emotions drive your investment decisions.
Avoid Panic Selling
Many investors panic sell during market downturns, which often locks in losses that might have been temporary. This is not the first time Bitcoin plummeted. The crypto has gone through several steep corrections and rebounded to new highs each time. Unless your financial goals or risk tolerance has changed, panic selling could hurt your long-term returns.
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