Main Takeaway: Crypto Markets Down 3% On Global Regulatory Pressure
Crypto markets fell by almost 3% d-o-d to a mix of negative news including regulations and leaked KYC names of all the individuals who lost money with Celsius. US central bankers have said crypto has the potential to cause financial instability despite only being a little mix of the global investment/financial space. Moreover, one of Logan Paul’s NFTs he purchased for $600,000 is now worth $10. So all these events are dampening prices and sentiment at the moment. This week’s major event will still be US inflation numbers.