Cryptocurrency markets have reported substantial “panic selling” during the first quarter due to pressure from reports indicating a complete ban on crypto and bearish responses from institutional investors. Social media platforms added to the volatility by imposing bans and increasing regulations. Despite this recent chaos, analysts are predicting that the bearish trend for cryptocurrencies is largely over.
Both Bitcoin (BTC) and Altcoins posted substantial gains today. The majority of coins have increased to a double-digit rate, amid increasing confidence in crypto markets. EOS (EOS), NEO (NEO), and Cardano (ADA) are among prominent gainers today.
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