Regulations And Their Influence On Cryptocurrency Prices329.22

While some of this volatility can be attributed to how the current cryptocurrency model was conceived-namely its deflationary nature-and the fact that most coins are still viewed mainly as investment and speculative assets, there have been external factors that drive price momentum as well. The increased spotlight on Bitcoin and its digital contemporaries led the original cryptocurrency to skyrocket in value. Why regulations affect pricesThe original boom in cryptocurrencies occurred in an unregulated environment. Despite its nearly 10-year existence, the cryptocurrency industry remains very much in its infancy.
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