Market Sell-Off: 2 Top Cryptocurrencies to Buy Now and Hold

Last week, growth stocks got routed as investors weighed the uncertainty surrounding rising inflation rates and the omicron variant of the coronavirus. Unfortunately, as money was pulled out of riskier assets, many cryptocurrencies also saw sharp declines. In fact, at the time this article was written, the crypto market was worth a collective $2.29 trillion, down 23% from its all-time high on Nov. 10.

However, investors with any experience in the space will know this sort of thing has happened before. In fact, the crypto market lost over 50% of its value between May and August earlier this year, and like last time, heavily leveraged positions appear to have sparked the most recent sell-off. Of course, it's never fun to lose money, but a sharp decline under those circumstances doesn't break the long-term investment thesis.

With that in mind, now looks like a good time to buy some (or some more) of the two largest cryptocurrencies: Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). Here's why.

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Source Fool.com