What if beta is more than 1?

Could you please elaborate on what implications arise when the beta value exceeds 1 in the context of cryptocurrency and finance? Does this indicate a heightened level of risk or volatility compared to the broader market? How do investors typically react to such a scenario, and what strategies might they employ to mitigate potential losses or capitalize on opportunities? Furthermore, how does this affect the overall attractiveness of a particular cryptocurrency investment, and what factors should investors consider before making a decision?