How Have Cryptos Behaved Recently?
Bitcoin has been experiencing significant price changes over the past few weeks, and its value has fallen from an all-time high of around $64,000 in mid-April 2021 to around $47,000 in mid-September 2021 and currently $23,833.
Other major cryptos, including Ethereum, Binance Coin, Cardano and Solana have also been experiencing significant price movements, with some hitting all-time highs in recent months.
The crypto market has been affected by various factors, including regulatory measures, institutional adoption and market sentiment. For example, China’s crackdown on crypto mining and trading, as well as the US SEC’s actions against some crypto projects, have had a negative impact on the digital asset market.
There have also been debates about the environmental impact of cryptos, in particular Bitcoin, because of its energy-intensive process of mining. Some investors and companies have been exploring greener alternatives to Bitcoin mining, such as using renewable energy sources.
In spite of the volatility and uncertainty in the crypto market, many investors and institutions continue to see long-term potential in cryptocurrencies.