Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.
Crypto majors such as SOL, AVAX, APT, SUI saw 40% to 70% corrections over the past months, weighing on altcoin sentiment, while BTC and ETH are down only 15% from their yearly highs.
The cryptocurrency market is undergoing a healthy consolidation after a massive run-up from October to March – at least for those who invested in the two largest digital assets. "Unlike equities which have a constant passive bid from ETF inflows and bond buybacks, crypto, and in particular altcoins, have the opposite – a constant stream of sell pressure," Quinn Thomson, founder of crypto hedge fund Lekker Capital,
When the market's appetite for the smaller, more speculative crypto assets is dwindling and trading volumes are falling – like in the past few months – there's not enough demand to absorb this supply shock.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Top Reason Why Major Altcoin Season Is Not ComingMurad Mahmudov, a prominent financial analyst, claims that a new altcoin season is highly unlikely
Read more »
Why Do Investors Keep Falling for Wall Street's Guesswork?Stocks Analysis by Investing.com (Francesco Casarella) covering: S&P 500. Read Investing.com (Francesco Casarella)'s latest article on Investing.com
Read more »
Why investors are going gaga over a tiny, $35 computerInvestors are snapping up the shares of a British maker of tiny computers after it went public on the London Stock Exchange Tuesday.
Read more »
Why Prudent Investors Should Consider Paring Back Gold HoldingsCommodities Analysis by Michael Ashton covering: XAU/USD, Gold Futures. Read Michael Ashton's latest article on Investing.com
Read more »
Why are Chicago’s parking meters owned in part by foreign investors?Chicago's contract over parking meters has survived three legal challenges, including the Supreme Court’s recent refusal to hear the case.
Read more »
“The Story Is Over”: Why Some Of Tesla’s Big Investors Are Bailing On The BrandTesla shares have dropped 30 percent this year and some shareholders think that the days of huge growth won’t return
Read more »