Market Recovery Day: Can the Market Do 40% By DailyCoin – Investing.com
- Date: 25-May-2021
- Source: Investing.com
- Sector:Technology
- Country:Middle East
Market Recovery Day: Can the Market Do 40% By DailyCoin – Investing.com
The cryptocurrency market was thrown into a state of disarray following the recent comments by Elon Musk about Bitcoin's energy consumption metrics. This triggered a chain reaction in the crypto ecosystem as coins shed significant portions of their values.
This latest crash in the cryptocurrency industry is reminiscent of the crash of March 2020. Market capitalization fell by as low as 52% and later reversed, ushering in one of the strongest bull runs in the history of cryptocurrencies. If the market gains 40%, it will bring it one step closer to +70%.
The Epic Market Crash
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