• About
  • Advertise
  • Contact
Wednesday, July 6, 2022
  • Login
WRITE FOR US
Economy.pk
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
No Result
View All Result
Economy.pk
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
Economy.pk
Home Business

Why Is the Cryptocurrency Market Down?

byMuhamad Arshad
May 19, 2021
in Business, Economy, Finance
Reading Time: 2 mins read
0
Cryptocurrency
1.5k
SHARES
3.6k
VIEWS
Share on FacebookShare on Twitter

Benjamin Franklin famously stated there are two inevitable issues in life: tax and death. In the modern world, with the advent of cryptocurrencies, there’s one factor that’s more certain than others: volatility.

Cryptocurrency prices are known to fluctuate wildly. Sometimes the market is up, sometimes it’s down, even within a matter of minutes. You can go to bed and get up to astonishing changes in prices. Ever since Satoshi Nakamoto created Bitcoin a little over a decade in the past, volatility has been a common side of crypto markets.

RelatedPosts

Govt asked to shun cars over 1000cc

ML-1 cost increases to $9.8 billion

PKR depreciates by Rs2.38 in interbank

Bitcoin has played a major and main role in the cryptocurrency community. Being the first to reach on the scene, the Mother Coin has maintained its high position by market capitalization and is price a healthy chunk of the entire crypto industry.

Because of this sustained dominance, when Bitcoin appreciates or depreciates, it has a ripple impact on different cryptocurrencies. It is noticed that altcoins shed or gain value, sometimes more than Bitcoin itself. Bitcoin’s dominance in the market makes it a frequent catalyst for volatility in the crypto industry.

To quote an example, when Bitcoin recently suffered a pointy drop in costs, the cryptocurrency market additionally went through a correction. After hitting an all-time high of $64,800 on April 14, 2021, Bitcoin shed greater than 33% of its value by May 18. The market lost more than $300 billion (USD) in the course of.

Earlier than this, Bitcoin had been on a remarkable bull run. The cryptocurrency noticed roughly 1500% gains from the $3,800 it was price in March 2020 to its peak in April 2021. After such a robust trend, many began to query the potential for a market correction

Tags: Benjamin FranklinBitCoinCryptocurrencyCryptocurrency Market DownDigital Currency
Muhamad Arshad

Muhamad Arshad

Related Posts

Govt asked to shun cars over 1000cc

Govt asked to shun cars over 1000cc

As the country faces serious economic and energy crises, traders have called upon the government to ban the import and...

ML-1 cost soars to $9.8b

ML-1 cost increases to $9.8 billion

On Monday, the Senate Standing Committee on Railways was informed that the cost of upgrading Karachi to Peshawar Main Line-1...

Next Post
PM Imran

PM Imran distributes 2,000 flats in laborers in Peshawar

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

British High Commissioner Christian Turner meets Imran Khan

British High Commissioner Christian Turner meets Imran Khan

Govt asked to shun cars over 1000cc

Govt asked to shun cars over 1000cc

ML-1 cost soars to $9.8b

ML-1 cost increases to $9.8 billion

PKR depreciates by Rs2.38 in interbank

PKR depreciates by Rs2.38 in interbank

Pakistan’s microfinance institution launches term finance certificates of $4.9 million

Pakistan’s microfinance institution launches term finance certificates of $4.9 million

Indian Airline plane makes ‘emergency landing’ in Karachi

Indian Airline plane makes ‘emergency landing’ in Karachi

Connect with us

Twitter

Economy.pk

Economy.pk touches diverse topics with a lighter note and is geared toward audiences with various interests and all ages. Come and explore Economy.pk. Ample details and analysis are provided in extraordinarily readable manner making them compelling and interesting at the same time.

Category

  • World
  • Politics
  • Business
  • Technology
  • Education
  • Health
  • Life & Style
  • Opinions

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin

Sitelinks

  • Sitemap

Download our APP

download on android app download on apple app
  • About
  • Advertise
  • Contact

© 2022 All Rights Reserved Economy.pk | Designed & Developed by Digital Otters

  • LATEST
  • World
    • Europe
    • Americas
    • Asia
    • Oceania
    • Africa
    • Canada
    • Middle East
  • Finance
  • Politics
  • Business
    • Economy
    • Finance
    • Entrepreneurship
    • Real Estate
  • Technology
    • Cyber Security
    • Mobiles
    • Social Media
  • Education
  • Sports
  • Life & Style
    • Personalities
    • Art
    • Culture
    • History
    • Entertainment
    • Fashion
    • Food
    • Health
      • Environment
      • Fitness
  • Sponsored

© 2022 All Rights Reserved Economy.pk | Designed & Developed by Digital Otters

No Result
View All Result

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In