Bitcoin, XRP, and Ethereum Are Falling. Here Are the 3 Main Headwinds Facing the Crypto Sector.

The cryptocurrency market has had an extraordinary year, with top cryptos like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) setting new all-time highs. That upward trend has stalled recently. As I write this (September 25), Bitcoin has fallen 5% in the last week, Ethereum is down 13% and XRP (CRYPTO: XRP) has shed over 9% over the same time period. What's behind this lackluster performance? And will so-called Uptober -- a term based on data that shows prices often go up in October -- turn the crypto tides? Let's dive in to learn more about three headwinds facing cryptocurrencies right now.Crypto often suffers from a 'buy the rumor, sell the news' syndrome. Speculation drives prices up in anticipation of a big event, and then they fall because investors sell once it actually happens. In the run-up to the Fed rate cut on September 17, crypto prices rallied, and spot Bitcoin ETFs saw solid inflows.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool