Yesterday’s trading showed a broad-based retreat from Crypto. Many analysts see this as part of a growing tendency on the part of digital coins to track the stock market, which has also shown declines in recent sessions.
Over the past week, Cryptocurrencies and related firm Coinbase have lost significant chunks of their value. The risk-averse mood observed across the U.S. economy may be disproportionately affecting the digital coin sphere.
Over the weekend, Cryptocurrencies got hit by a series of selloffs that pushed their value down significantly, surprising many. What led to this downturn, and where do market experts see digital coins heading next?