🟢🟢The main reasons for the decline in the digital currency market:🟢🟢
1. Natural market fluctuations:♻️
The cryptocurrency market is highly volatile, with periods of strong upside followed by a natural decline to take profits or correct prices.
2. Organizational pressures:♻️
Increased laws and regulations by governments and central banks limit the trading of digital currencies.
Imposing restrictions on cryptocurrency mining, as happened in China.
3. Global economic tensions:♻️
Inflation in interest rates and rising costs are driving out investments from risky assets, including cryptocurrencies.
An economic recession may push investors towards safer assets such as gold.
⛔️4. Security breaches and trust crises:
Cyber attacks on digital platforms and wallets lead to a loss of confidence in the market.
The bankruptcy of some major platforms (such as FTX) undermines investor confidence.