Why have prices of cryptocurrencies, such as bitcoin, fallen—again?

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As crypto investing gains traction, more established investors are dipping their toes into the market. That might inject more professionalism and make prices less volatile in the long-term

, Tesla’s chief executive, saying that the electric-vehicle maker would stop accepting payments in bitcoin. By contrast, the recent drop in crypto prices has mirrored that of American markets, which suffered on December 3rd after the latest monthly jobs report sent mixed signals about the country’s economic recovery. The unemployment rate dropped by 0.4 percentage points in November to 4.2%, the lowest since the pandemic began.

. But stability is still some way off. More regulation of crypto is likely, with different countries tightening up in different ways. America is mulling regulation for stablecoins, a type of crypto that is pegged to a government-issued currency; the European Central Bank has approved a framework for oversight of digital payments, including some cryptocurrencies. And changing expectations about interest rates may well continue to shift prices.

 

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All I see in the comments is more of economist that are not forecasting the future well, stuck with the old tradition without checking into the future markets and potential impartation it will have in the economy

This is the biggest market news not yet digested.

More established investors dipping their toes does not change what crypto is. Strings of code backed by nothing else but FOMO sentiment and bigger fool expectations regarding the next guy.

Ask Dr Burrey. He has experience of spotting fraud.

I entrusted Dennismayson9 with my money since I took rush of investing my money with he platform, and since then I've recovered all I lost to scams. Get in touch with Dennismayson9 and get a good mentorship and safe trading.

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