Hey there! It’s been quite a turbulent week for cryptocurrencies. Bitcoin, which is often seen as the leader of the pack, experienced a dip of around 4.18%. Meanwhile, ethereum took quite a hit and fell by over 13% against the US dollar. But it doesn’t stop there – many other digital currencies also suffered significant losses, with some dropping by 20% or more.
This all happened within just one week! On top of all these losses, things got even worse on Saturday, December 21st, 2024. That day saw most cryptocurrencies experiencing double-digit losses across the board. It was a pretty grim situation for investors who had put their faith (and money) into these digital assets.
So what’s causing all these fluctuations? Well, there could be several factors at play here – from market sentiment to regulatory uncertainty. But whatever the reason may be, it’s important to stay informed and cautious when investing in such volatile markets.
Source
As per reported by news.bitcoin.com
