Bitcoin
$23,243.56
+197.65
(+0.86%)
Ethereum
$1,596.16
-1.53
(-0.1%)
Ripple
$0.41
-0
(-0.56%)
Litecoin
$95.01
+6.24
(+7.03%)
EOS
$1.10
-0.01
(-0.45%)
Cardano
$0.39
-0.01
(-1.35%)
Stellar
$0.09
-0
(-1.14%)
NEO
$8.32
-0.07
(-0.82%)
NEM
$0.04
-0
(-0.51%)
DigitalCash
$57.03
+5.47
(+10.61%)
Tether
$1.00
0
(0%)
Binance Coin
$308.44
-1.55
(-0.5%)
QTUM
$2.68
-0.03
(-1.18%)
Verge
$0.00
0
(+0.94%)
Ontology
$0.22
-0
(-0.87%)
ZCash
$47.09
+1.13
(+2.46%)
Steem
$0.20
-0
(-1.23%)

Cryptocurrency Terra crash triggered ‘fear’ in the markets, says expert

0


During an interview on “Mornings with Maria,” Wednesday, Delta Blockchain Fund founder and general partner Kavita Gutpa explained why the current market volatility – namely a drop in crypto prices – was ‘very much expected.’

Cryptocurrency depiction from Getty Images

Bitcoin falls to 18-month low. (Photo Illustration by Chesnot/Getty Images) (Photo Illustration by Chesnot/Getty Images / Getty Images)

KAVITA GUPTA: It’s the market, it’s the volatility. There was a time that people were asking about why all these institutions are buying. Why Bitcoin is the new currency to go forward? And today in the volatility market, we’re only talking about sell-off. I think, of course, Terra’s loss has actually really triggered a lot of fear in the market. We see the market feel with respect to selloffs, but overall market volatility and especially crypto prices to drop was very much expected for quite some time. If you go to all-time high, you have to find some price correction somewhere, right? 

BITCOIN PRICE TRADES AROUND $21,000 AS CRYPTO FIRMS ANNOUNCE LAYOFFS

WATCH THE FULL INTERVIEW HERE:



Read More: Cryptocurrency Terra crash triggered ‘fear’ in the markets, says expert

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Notice: Undefined variable: ub in /home/c83w5hz05vw6/public_html/searchcryptonews.com/wp-content/plugins/elements-web-tracker-for-wordpress-W26ADT3-fkYtpIKq-03-15/diframework/ditools.php on line 650

Notice: Undefined variable: ub in /home/c83w5hz05vw6/public_html/searchcryptonews.com/wp-content/plugins/elements-web-tracker-for-wordpress-W26ADT3-fkYtpIKq-03-15/diframework/ditools.php on line 659

Deprecated: strripos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /home/c83w5hz05vw6/public_html/searchcryptonews.com/wp-content/plugins/elements-web-tracker-for-wordpress-W26ADT3-fkYtpIKq-03-15/diframework/ditools.php on line 659

Notice: Undefined variable: ub in /home/c83w5hz05vw6/public_html/searchcryptonews.com/wp-content/plugins/elements-web-tracker-for-wordpress-W26ADT3-fkYtpIKq-03-15/diframework/ditools.php on line 674

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.