After skyrocketing for a couple of years, the cryptocurrency bubble has come crashing down to Earth. At its peak, in January this year, the market valuation of cryptocurrencies or tokens stood at more than $800 billion. Over the last five months it has dropped to below $185 billion, which represents a dramatic 75 per cent drop.
Lack of regulation and compliance laws have almost certainly contributed to the recent dip in the crypto market and is why investors are apprehensive, to say the least.
Read More … Source: Raconteur
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