Today, the cryptocurrency market took a hit, painting a sea of red across the board. Many investors who’ve been riding the bull wave might be wondering, ‘Why is the crypto market down today?’ The answer lies in a confluence of factors. First, the increased regulatory scrutiny on cryptocurrencies from global governments has not been kind to the crypto market. Unclear regulations and policies are creating uncertainty and risk in the market. Second, large investors taking profits by selling off their holdings, which triggers a series of automated sell-offs. Lastly, the overall financial market is undergoing a correction phase, and cryptocurrencies, not being immune, are following the trend. However, it’s essential not to panic and understand such fluctuations are typical in the volatile world of cryptocurrencies. Read More
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