Title: What Drives Cryptocurrency Prices Up and Down? - Cryptalker
Headings: What Drives Cryptocurrency Prices Up and Down?
What Drives Cryptocurrency Prices Up and Down?
Table of Contents
Volatility Decrease
What affects the price?
Supply/Demand
Regulations
Investors
Media
Energy Usage
Difficulty Level
Drop in Cryptocurrency
What’s Behind the Crash?
Future of Digital Coins
Summary
Alice Lynx

Content: The lack of legal framework in many countries is still a hurdle, as legal precedents for cryptocurrency are still being set. And due to the limited ability to control cryptocurrency on the open internet can mean it can be used against the will of a government even. China has repeatedly cracked down on cryptocurrencies, with a market crash following most announcements. For example, in February this year, China blocked all websites relating to trading in the currencies, prompting an immediate 15pc fall in bitcoin and 20pc drop in Ethereum. Earlier bans of initial coin offerings (ICOs) in the country had a similar negative impact on their value. Future of Digital Coins
Many believe that the biggest hurdle facing cryptocurrencies is their poor fundamentals. None of the digital coins, for instance, has yet proved its fundamental value as a currency that will be readily accepted by a huge population as a medium of exchange. This is in contrast to national currencies such as the U.S. dollar which are widely accepted by people as money. So crypto, in essence, continue to be viewed as a gamble by most. Governments across the world have not been keen on allowing cryptocurrencies to be used as alternative money as they view private currencies as a threat to their sovereignty.