Volatility in the crypto market
According to CoinDesk, the leading crypto assets in its proprietary CoinDesk 20 index showed negative dynamics this week. The leader in the decline was the Hedera (HBAR) coin, which fell by 1.8% compared to Tuesday. Stellar (XLM) took second place in terms of the rate of decline, having fallen by 1.6%.
Volatility in the cryptocurrency market as a whole remains at a high level. This is due to the general instability in the financial markets due to geopolitical tensions and expectations of further tightening of monetary policy by the world's leading central banks. In such conditions, investors prefer to take more conservative positions, getting rid of risky assets, which many cryptocurrencies belong to.
Nevertheless, market experts believe that the long-term prospects for leading crypto assets remain favorable. Blockchain and decentralized finance technologies continue to develop, which in the long run could lead to a significant increase in the capitalization of the cryptocurrency market.