Like any other market, the digital treading market also has two phases: the progressive as well as the recessive phase. In the year 2021, the price of Cryptocurrency saw a continuous hike which edits investors to make huge profits but the scenario reverse soon during winter 2021 when the market faces a huge downfall and thus lead to a decrease in the market value of the currency. To make an accurate guess about the market position of cryptocurrencies is very difficult as it is highly unpredictable with it’s price.
The rise and fall in the value of the currency in online market is subject to many factors. Digital trading market provide an opportunity to the buyers to pick their automobiles in exchange for bitcoins to use platforms like this Bitcoin system. Cryptocurrency has a lot of risk factor as well where as a investor it’s totally dependent on us to do a basic research before investing in any digital currency. In the year 2021 , the market value of the digital coin rise to 176 percent. The report stated the growth of cryptocurrency but then also it is not very much sure to rely on it and the expert advices to analyse the market before making any investment.
The reason behind the market crash?
Talking about the most recent crash that happened during December and continued till Jan happened due to two major reasons. The first is when china declares a ban on the use of all digital currency which includes cryptos as well. The ban affected the market value of the currency which highlights the result in the huge market fluctuations and prices surging to an all-time low value.
Another factor that influenced the recent market crash in digital treading is the statement made by tesla which states in reversing their policies on the bitcoin payment.
Bitcoin, Ethereum, and Dash are some of the crypto coins or currencies which overcame the market crashes and have managed to survive.
Bitcoin was the major digital currency that has survived the highest market crashes but managed to stand and hold its number one position. The policy changes and the market fluctuation fails to make an impact on the market value of the currency. This strong position held in the market makes it clear that crypto will not be banished easily from the field of digital marketing but the leading factors might reflect on its return rates and interests.