News Cryptocurrency Market Drops Slightly Amid Investor Uncertainty

Cryptocurrency Market Drops Slightly Amid Investor Uncertainty

-

- Advertisment -

Cryptocurrency Market Drops Slightly Amid Investor Uncertainty

With the cryptocurrency market still in its infancy, investors are still trying to get used to its price volatility.

Following a major rally of a very impressive $20 billion, all major cryptocurrencies, including Bitcoin and Ethereum have dropped by more than 4 percent.

Market experts say the drop came after Binance, which is one of the world’s largest cryptocurrency exchanges, received a stern letter from Japan’s Financial Services Agency demanding that the company register itself in line with Japanese law it wants to operate in the country.

The cryptocurrency market is volatile moving up and down depending on the on the supply and demand from the market, which is still at its early stage and responsive to big-time investors moves to influence it.

The past few weeks has seen Bitcoin, Ethereum and other major cryptocurrencies falling from $9,000 to $8,300, rebounding to $9,100 only to slide down to $8,500 on Sunday.

READ MORE: Russian Draft Bill Defines Cryptocurrency as Assets, Not Legal Tender

Experts believe that until big investors come in, the cryptocurrency market is likely to remain volatile.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Why could GLBrain become a great solution to receive support during the crisis?

To support smaller and medium-sized businesses during the ongoing crisis, GLBrain offers services cost-free for all Austrians....

Make Fast and Secure Trades Using Bitengo.io

Bitengo.io is a Cryptocurrency trading platform that allows users to buy and sell their Cryptocurrency in a...

Network Security Using Cryptography: Everything you need to know

This article will describe what is Network Security Using Cryptography and everything you need to know before...

Mercuriex Cryptocurrency Exchange Launches New Utility Token, SURF

MercuriEx Cryptocurrency Exchange, originally developed in 2017, came under new ownership in December 2019. Since taking over the exchange,...
- Advertisement -Cryptocurrency Market Drops Slightly Amid Investor Uncertainty

Fungibility: Bitcoin Mixers Favorite Term That No One Understands

Fungibility, perhaps the most important concept when dealing with a decentralized and anonymous currency, but does bitcoin...

Crypto can’t thrive in the real world – but stablecoins can

We can safely say that the hype about cryptocurrencies is pretty much over. The claims of Bitcoin...

Must read

Make Fast and Secure Trades Using Bitengo.io

Bitengo.io is a Cryptocurrency trading platform that...
- Advertisement -Cryptocurrency Market Drops Slightly Amid Investor UncertaintyCryptocurrency Market Drops Slightly Amid Investor Uncertainty

You might also likeRELATED
Recommended to you