The US just banned altcoin trading ,This is not good news for cryptocurrencies at all.
From the beginning of 2022, the collapse of the cryptocurrency market began. In view of which btc lost its highest price and fell to 16 thousand dollars. Ethereum also touched 30% of its peak price. And most of the tokens in the cryptocurrency market eventually fell in price.
Cryptocurrency prices improved slightly around April-May 2023, but people remained somewhat skeptical about the market.
In the meantime,
the US has banned altcoin trading. Which bodes ominously for the future of cryptocurrency.
Is the future of cryptocurrency in jeopardy?
Source:
https://twitter.com/cryptomanran/status/1667431872333332481?t=0STo6Hty7Oao6xN8Dwu6xg&s=19 The United States has banned some specific Altcoins, , due to which the market has temporarily fallen, but its purpose is not that the United States has banned all Altcoins. Crypto currency is a global market and banning any one country cannot stop it.
For now, people are panic and selling their assets. However, experienced and skilled investors are taking advantage of this opportunity to buy more.
USA is about to introduce strict regulation for crypto currency, but the whole world is open to adopt crypto. The USA is trying to bring crypto currency into a legal sphere. Therefore, the major coins of the market have also been put in the security list. The market may fall further but this situation will recover very soon and those who are buying Altcoins at low prices now will be the ones who will get the best profits in the future.
I think this is a temporary market dip and instead of panicking here is a great time to invest if someone has the capital.