Why did cryptocurrencies drop 9% on Thursday?
Good morning, investors and market observers. Could you please elaborate on the reasons behind the sudden 9% drop in cryptocurrencies on Thursday? Was it a result of a specific market event, such as a regulatory announcement or a technical glitch? Or was it a broader market sentiment shift, perhaps driven by fears of economic slowdown or concerns about the long-term sustainability of cryptocurrencies? Clarifying the reasons for this drop is crucial for investors to make informed decisions in this volatile market. Thank you for your insights.