CryptoWatch: The Market is Still Unstable, But There Are Those Believing in its Rise

Cryptocurrency is still in the woods, but some believers think it will bounce back to its former glory in the coming months, and the public will see its prices flourish in the market. There have been many changes to the cryptocurrency market in the past weeks, and it is still fluctuating from going up to its severe drops that bring many to disbelief for the coins.

Cryptocurrency is at a Standpoint; Bitcoin Dropped Last Week

In the past weeks, the public saw the rise of Bitcoin on the market, and it became the "ray of hope" that people believe in, and it is something that most are looking forward to in the current status of the coins. However, there was another drop in Bitcoin in the past, and it focused on the many changes that took place in the market in the present.

Just as Bitcoin hit its highest in the long run of $22,000, it dropped to under $20,000 last week and now stays at the $19,000 valuation, according to CoinMarketCap. It currently plays at around the valuation it has now, but it does not exceed that of $20,000 in the current trading of the precious top coin of the digital blockchain industry.

The public still sees the effect of the volatility of digital coins, which is a massive problem for all, as people experienced considerable losses in the past.

Snoop Dogg is a Hopeful on Cryptocurrency and Beliefs

"Drop it Like It's Hot" may have been released in the past, but this is still the mantra that Snoop Dogg believes in with regards to cryptocurrencies of the present. The drop does not mean that the D-O double G believes that the prices of the digital coins will see a loss in their valuation, but its rise will bring its value up and through the roof.

Calvin Cordozar Broadus Jr., a.k.a. Snoop Dogg, still believes in cryptocurrency and is hopeful that the coins will return to their normal state in the coming months. It is crypto winter now, but come summer time regarding the coins; it will bring its prices more than what it lost in the past weeks and months when it saw a struggle in its valuation.

Cryptocurrency in the EU: MiCA is Here to Protect

EU's Markets in Crypto Assets (MiCA) will save the day with its new focus, which is to bring everyone in its rule to have protection in their trading of the modern currency via the blockchain. The new law is a way to get in line with the world's massive use of digital currency, and despite its aim to regulate it, the EU is also creating safeguards for its purchases.

It is known to the public that cryptocurrency is volatile, and at any given time, it may drop to a massive decline that will have huge losses on the market. However, the MiCA aims to protect its consumers at all costs, and it seeks to bring the EU a chance to secure their digital assets that would help in their investments and keep their money safe.

This article is owned by TechTimes

Written by Isaiah Richard