The decline in the cryptocurrency market can be attributed to several major factors, as evidenced by recent news and analysis:
1**Market sentiment has declined**: According to an analysis from Greeks.live, there has been a noticeable decline in market sentiment, with options market data showing that participants are becoming less optimistic about January. This decline in optimism could have a negative impact on prices.
2-**Legal Predictions**: Teresa Goudie Gillian, a former counsel at the US Securities and Exchange Commission, predicts that the number of lawsuits against cryptocurrency companies may decline in the new year. This could stabilize the market, but it could also show that the market is still under legal pressure.
3-**Market Forecast for 2025**: Although there are positive expectations for 2025, the market may face challenges in the current period due to price correction and changes in trends.
Overall, the decline in the cryptocurrency market can be attributed to declining enthusiasm, legal challenges, and market expectations that may affect investment confidence.