Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Sep 12, 2023 13:22

The global crypto market’s capitalization has fallen below $1 trillion due to the sale of Bitcoin and Ethereum by whales. Large holders are believed to be the main reason for the market’s recent volatility, with Bitcoin dropping from $64,000 to around $30,000 and Ethereum falling from $4,300 to $2,000. This selling activity has led to a cascading effect, causing a significant decline in prices. Investors are advised to exercise caution while investing in the market, but the long-term prospects for cryptocurrencies remain positive.