Pakistan, Nov. 25 -- The crypto market has plunged sharply over the past six weeks, erasing nearly $1 trillion in value, marking one of the worst months in the history of digital assets.
Bitcoin, the leading cryptocurrency, reached an all-time high of $126,000 in early October before falling to $81,000 on Friday. The market saw a slight recovery over the weekend, but uncertainty continues to loom over the coin's future.
Experts note that the recent crash differs from previous downturns due to substantial institutional participation, policy developments, and global macroeconomic trends, according to analysts at Deutsche Bank
Two major factors are driving the market uncertainty: the Federal Reserve's next interest rate cut and concerns o...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.