• The crypto market is currently undergoing violent ups and downs, but could be worth it in the long run.
• The actions of the SEC have created a lot of uncertainty for the crypto market.
• U.S. CPI data will be released on Tuesday and could affect market volatility.
Crypto Market Experiences Volatile Ride
The current crypto market has been experiencing some wild fluctuations, leaving investors uncertain as to its future direction. While this period of stormy seas can be uncomfortable, it is all part of setting up the foundations for a successful bull market in the long run.
SEC Creates Uncertainty
The U.S. Securities and Exchange Commission (SEC) has done its best to dampen down optimism in the crypto markets by closing staking operations on Kraken exchange – an action that was publicly contested by one of its own commissioners, Hester Peirce. With bitcoin sitting at around $20,800, altcoins have been hit particularly hard after their value had risen steadily since the beginning of 2021 – with their market cap dropping from $390 billion to $351 billion as a result.
Inflation Data Could Affect Market Volatility
The release of U.S CPI data on Tuesday may add further volatility to the crypto markets depending on whether inflation comes in higher or lower than expected figures. If inflation prints higher then expect more turbulence ahead; if lower then bitcoin and altcoins may rise again accordingly.
Risks Involved with Crypto Investing
It must be noted that there are risks involved when investing into cryptocurrencies – especially given how volatile they can be over short time periods – so investors should do their research before making any decisions on whether or not to invest into them..
Seeking Professional Advice
If you’re considering investing into cryptocurrency then we highly recommend seeking out professional advice first before making any investments – both for legal reasons and also to ensure you understand all potential risks associated with such investments..