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Nansen’s Weekly Report Examines Crypto Black Monday and Economic Concerns
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Nansen’s latest report examines the massive sell-off of crypto assets during Crypto Black Monday, highlighting key factors driving the downturn.
At the time of writing, all the top cryptocurrencies ranked by market capitalization have encountered a deep decline within the past 24 hours except the stablecoin Tether (USDT), based on statistics provided by CoinMarketCap.
According to Nansen’s report, the latest market volatility on August 5 is attributed to a “U.S. growth scare” and several other factors, including the narrowing lead of Trump in election polls and the Bank of Japan’s policy normalization.
wen stop? pic.twitter.com/5prCr7bxu3
— Nansen
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