Although the weekend crash caused heavy losses, cryptocurrency prices remain higher on a year-to-date basis. For instance, Bitcoin was up 62% year-to-date, while Ether was more than %430 higher.
Susannah Streeter, senior markets analyst at broker Hargreaves Lansdown, said: “Crypto coins and tokens have been propelled higher in this era of ultra-cheap money.”
She added: “As speculation swirls about just when central banks will start further tightening mass bond-buying programs and start raising interest rates, they are likely to continue to be highly volatile.”
