Despite the early promise in the year, the cryptocurrency market experienced a minor setback today. The main catalysts for this tumble were concerns about potential regulatory crackdowns and the rising value of the dollar globally. As major countries worldwide continue to scrutinize digital currencies’ overall structure and legality, investors in the market are trying to balance their desire for exponential growth with the necessity for compliance and stability. In addition, the increased strength of the dollar globally has put pressure on the cryptos’ value, leading to an unfavorable market today. Read More
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