What is to blame for the collapse of Ethereum prices in just three months, following its upsurge to nearly $1,400?
Underlisted are what I thought
1, regulation. 2, The exchanges and 3, Mining profitability: The price of Ethereum is governed not only through speculative actions, but also by mining profitability
I think the blame is the volatility of cryptocurrency as many investors had get out due to losses on the price downfall. Investors should understand the volatility and have knowledge to deal with it for them to survive.
We have a healthy market last year and people expecting more hikes in the coming years but it sadly it become opposite of what we are expected to happen. It is truly disappointing but I've never thinking of leaving crypto cause I still have trust on it.