On Monday, the world woke up to yet another alarming news – a significant dip in prices of major cryptocurrencies including Bitcoin and XRP. This tumble has not only sent shockwaves across the global crypto community but also raised important questions about the factors behind such a selloff.nnTo some market spectators, this downward trend reflects a response to the rising regulatory pressures and uncertainties. On the other hand, some suggest that market manipulation and high volatility, which are common traits of the crypto market, could be the driving forces behind this major fall. Another viewpoint is that perhaps after a long bullish run, the market is finally entering a corrective phase.nnWhatsoever the reasons might be, one thing is clear. It’s a time of high alarms and eruptions for the investors, both seasoned and new entrants. As the dust settles, we are yet to see how the market reacts and if the ongoing turbulence will pave the way for a potential rebound. Read More
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