As Friday dawned, the cryptocurrency market had already plunged dramatically. But why? The reasons are diverse and multifaceted. Bitcoin, Ether and other cryptocurrencies faced a broad sell-off, not just because of the global economic landscape, but also due to regulatory pressures, risk aversion movements among investors, and potential profit-taking after months of steady gains. Looking into more details, we see the shadow of regulatory scrutiny in many countries. Moreover, the question of whether cryptocurrencies’ inherent volatility is manageable or not is becoming louder. Are we heading towards a new era of straitened regulations or will cryptocurrencies bounce back as they have before? Only time will tell. Stay tuned. Read More
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