Crypto price rises are pulled back by regulatory action, job layoffs and economic difficulties.
Given the number of black swan events and the proliferation of crypto-oriented scams in 2022, most investors expect U.S. and global regulators to eventually lay down a strong hammer on centralized exchanges and other businesses connected with the crypto sector.At the time of writing, BTC price had dipped to an intraday low at $20,400, and Ether gave back its daily gains to trade as low as $1,500.
As shown in the charts below, the revelation that Bitzlato had been shuttered and its founder arrested was a lighter blow than expected by the market, and the daily candles reflect a bit of indecision as traders decide whether to reenter the market.Additional pressure on crypto assets could also be coming from a dim outlook of the U.S.
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