Finance & Business
POSTED BY: GWS Team
PUBLISHED: Jun 22, 22
Cryptocurrencies had another significant decline from mid-May to mid-July 2021, with Bitcoin falling by more than 45 percent.
Many investors are still interested in cryptocurrencies, despite the volatility
As cryptocurrency acceptance rises, it will become more stable, according to Vin Narayanan, vice president of strategy at Early Investing
However, until then, investors might want to be aware of what to watch for
to avoid being hurt by crypto collapses. These are the six causes of cryptocurrency crashes.
Well, here are 6 major reasons why crypto crashed
1. Crypto investors taking on too much leverage. 2. Lack of liquidity in cryptocurrency markets. 3. Cryptocurrency regulation.
4. Crypto security breaches causing fear. 5. Crypto influencers causing volatility. 6. Cryptocurrency correlations with the stock market.