• The crypto market is experiencing violent ups and downs, but it may be worth it in the end.
• U.S. SEC has been dampening optimism, and bitcoin is currently sitting at the midpoint of a range between $25,000 and $17,600.
• Tuesday’s inflation print could decide the next move for both bitcoin and altcoins.
Crypto Market Volatility
The current crypto market is facing volatile ups and downs which can leave investors feeling queasy – however, this may pay off in the long run.
U.S. SEC Impact
The U.S SEC has been doing its best to dampen down the optimism caused by crypto innovation, such as shutting down staking on the Kraken exchange. This has led to markets being mired in uncertainty regarding future direction of bitcoin and altcoin prices – with bitcoin currently sitting at a midpoint between $25,000 and $17,600..
Tuesday’s inflation print could be key in deciding which way prices will soon move – higher than expected inflation will lead to stormy seas whereas lower percentage results would bring calmer waters with an expected rise in both bitcoin and altcoin prices.
Altcoins have continuously risen since January 2021 despite recent corrections that have seen their market cap decrease from $390 billion to now stand at $351 billion – suggesting a healthy retrace of values rather than any significant drop off yet seen..
The current crypto market remains uncertain with some negative impacts from the U.S SEC being felt throughout markets – however, Tuesday’s inflation print could give us more clues as to where prices are headed next with higher than expected figures likely leading to stormy seas ahead for both bitcoin and altcoins alike..