What impact do riots have on the overall market capitalization of cryptocurrencies?

1 answers

• OgheneJul 11, 2023 · 2 years ago
  At BYDFi, we believe that riots can have a significant impact on the overall market capitalization of cryptocurrencies. During times of civil unrest, we have observed an increase in trading volume and market activity, which can lead to a surge in market capitalization. However, it's important to note that the impact of riots on market capitalization is not solely determined by the occurrence of riots alone. Factors such as investor sentiment, government regulations, and global economic conditions also play a crucial role in shaping the market capitalization of cryptocurrencies during times of social unrest.
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