The cryptocurrency market is experiencing a downturn today, primarily due to increased regulatory scrutiny worldwide and uncertainty in the global economy. Countries like China and the US have recently indicated tighter controls over cryptocurrency transactions, which has created a wave of risk-aversion amongst investors. Additionally, the ongoing pandemic's impact on the global economy has led to significant market volatility, affecting cryptocurrencies as well. High-profile critics, including traditional banking institutions, have also expressed skepticism about the inherent value and stability of digital currencies, further dampening
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