
Will crypto market rebound in 2023? Here’s what experts say
Bitcoin and Ethereum are down 75% from their all-time highs in November 2021; some experts believe that cryptos will bounce back in the coming months.
Bitcoin and Ethereum are down 75% from their all-time highs in November 2021; some experts believe that cryptos will bounce back in the coming months.
China re-entered the top 10 this year after placing 13th in 2021. This is interesting given the Chinese govt’s ban on all crypto trading in Sept 2021.
India ranks seventh on the UNCTAD list, below Russia, Ukraine, Singapore, Venezuela, Kenya and the US.
Bitcoin rose 7.5% to hit one month high of $23,526 in the past 24-hour trade; the world’s largest crypto has gained 18.5% in a week.
The carnage on Wall Street has impacted cryptocurrencies the most, with a number of them seeing a price erosion between 85% to 100% from their all-time highs.
It’s not possible to generate guaranteed returns from such a volatile asset class. Most such products are marketing ploys.
The idea is, says Rajagopal Menon of WazirX, that this asset class will be volatile because it is traded 365 days for 24 hours.
Entrepreneurs Dhruvil Sanghvi of LogiNext, Satish Vijayan of Nexdha Fintech, and Sharmin Ali of Instoried share ins and outs of their experience with crypto trading.
There is no way to control market volatility on price in cryptocurrency markets and give the assurance of fixed returns to investors, says CoinDCX's Mridul Gupta.
Cryptos need to be tested out in a project mode in a sandbox environment rather than banned outright, says CII's Sanjiv Bajaj.