The crypto market today is experiencing a significant downturn. Numerous factors are contributing to this current state of events. Firstly, the global economic uncertainty has led investors to be more risk-averse, resulting to a sell-off in high-risk assets, including cryptocurrencies. Secondly, regulatory scrutiny on crypto transactions across several countries is putting pressure on the market. In addition, market manipulation and excessive speculation have magnified the volatility of the crypto market. However, this should not deter long-term investors as the fundamental technology behind blockchain and cryptocurrencies are still very promising. Read More
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