What are the things that contribute to the current bearish outlook on crypto?
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What are the things that contribute to the current bearish outlook on crypto?
Media is the most important source of influence on the price of cryptocurrencies. Greater media coverage leads to a better understanding of cryptocurrencies by the general public. This can potentially attract new people to cryptocurrencies. Also, political events have a way of impacting on the exchange prices of the various cryptocurrencies.
Anyone who has already taken elementary economics courses immediately understands that cryptocurrencies comply with the Law of Supply and Demand. The crypto demand side operates on the same level as for Gold and other valuable resources. The more new investors enter crypto, seeking to acquire it, the higher the price will increase