As cryptocurrency increasingly becomes a mainstream financial asset, fluctuations in its market are bound to happen. Today’s downward trend in the crypto market is being attributed to numerous factors. n nFirstly, the regulatory uncertainties around cryptocurrencies have been accentuated recently. Governments and financial institutions worldwide are still figuring out how to deal with this new asset class, and their inconsistent stance is causing market volatility. n nSecondly, like any other market, the crypto market is also influenced by market sentiments. Recent negative news about high-profile crypto thefts and scams has sowed a degree of uncertainty among investors. n n Last but not the least, corrections are a natural part of any market cycle. After the huge upswing in crypto values over the last few months, a market correction was always on the cards. Despite the negative short-term outlook, most industry experts remain bullish about the long-term potential of cryptocurrencies. Read More
Leave a Reply