- Crypto Youtuber Luci shares her thoughts on the currency crypto events.
- Luci is uncertain about what will happen to BTC, ETH, or DOGE.
- The YouTuber added that she feels crypto isn’t going to disappear from headlines soon.
Luci, a crypto YouTuber, shared her thoughts on the current state of cryptocurrencies. In one of her recent tweets, she stated that she is unsure of what will happen to BTC, ETH, or DOGE.
Luci mentioned in the tweet that she believes cryptocurrency isn’t going to disappear from headlines anytime soon. In another tweet, she hinted that she is unsure why she did not recover from the cold, citing the DOGE’s drop below 8 cents as one of the reasons.
The tweet by Luci follows the recent price drop of cryptos in the last 24 hours. Major coins, including Bitcoin and Ethereum, fell by 3.49% and 7.38% in the last 24 hours, respectively. Other altcoins are also losing in the single digits as the market trades in the red at press time.
The prolonged bear market was triggered by the fall of the FTX exchange. However, the cryptocurrency market, which was slowly recovering from the catastrophic fall, has slumped again. The exact reason for the current price drop is unclear.
Ethereum reacted slightly when the FTX hacker started dumping the ETH for BTC. This created FOMO and triggered a sell-off. However, the current market slump can also be attributed to the rise in COVID cases in China. Parts of China have also gone into a partial and complete lockdown, which could have triggered a market slowdown.
The current turn of events has also alerted global regulators. To avoid another FTX event, regulators are also trying to speed up cryptocurrency regulations. Joe Biden also recently stressed the necessity of global cryptocurrency regulation.
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