In the volatile world of cryptocurrencies, Bitcoin and XRP prices have recently experienced a significant dip. While these fluctuations are not uncommon in the crypto market, the current downward trend seems to be influenced by a combination of factors. Expert opinions and analysis indicate that market sentiment, regulatory news, and macroeconomic factors are the prime culprits. The market sentiment has been influenced by significant institutional selling, also the increasingly tight regulations imposed by international institutions have shaken investor confidence in cryptos. On the macroeconomic front, the rising inflation and expected interest rate hikes have made risk assets less attractive. These factors, working in unison, have led to the current slip in the prices of Bitcoin and XRP. Read More
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