raaman
Valued Contributor
Leading cryptocurrencies Bitcoin and Ethereum have suffered huge losses in the last few months. Compared to Fiat currencies, crypto assets are almost inversely related to macroeconomic factors such as inflation growth, given the fact that crypto assets like Bitcoin (BTC) are digital tokens.
Digital tokens can be exchanged directly between the two parties for a lower transaction fee, the value of which is currently influenced by the rising adoption rate and increasing transaction volumes, since these factors determine the movement of cryptocurrencies.
Major Cryptocurrencies such as Bitcoin and Ethereum have seen massive volatility over the past few months after China announced a ban on its financial and payment companies from providing cryptocurrency services. Thus, digital currencies are struggling to recover.
Digital tokens can be exchanged directly between the two parties for a lower transaction fee, the value of which is currently influenced by the rising adoption rate and increasing transaction volumes, since these factors determine the movement of cryptocurrencies.
Major Cryptocurrencies such as Bitcoin and Ethereum have seen massive volatility over the past few months after China announced a ban on its financial and payment companies from providing cryptocurrency services. Thus, digital currencies are struggling to recover.