As an asset notoriously known for its volatility, Bitcoin recently saw a significant drop in its price. Experts speculate various reasons for this decline. Firstly, the influence of the broader market where mainstream investments are feeling the effects of economic uncertainty. Secondly factors specific to cryptocurrencies, including regulatory news involving scrutiny of illicit activities using digital currencies, have put downward pressure on prices. Lastly, the entry of more institutional investors into the crypto-space, who are likely to take a more risk-averse strategy also moderating price increases. In response to the volatility, investors are urged to proceed with caution. Read More
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