The crypto market is down, and there are a few reasons behind it. Here are some key factors:
- AI Scare Trade: Investors are selling off risk assets, including cryptocurrencies, due to fears that artificial intelligence will disrupt traditional business models.
- Macroeconomic Shifts: The global equities market is experiencing a shift, leading to reduced risk appetite and capital rotation out of high-risk sectors.
Regulatory Changes: Upcoming regulatory frameworks and policy changes are creating uncertainty in the market.