Collective decline of cryptocurrencies after strong gains at the beginning of May!
What are the possible reasons for this decline?
1. Natural technical correction
After a rapid rise at the beginning of the month, the market seems to be naturally rebalancing.
2. Decrease in trading volume
Weak current liquidity increases volatility and affects traders' confidence.
3. Anticipation of global economic data
Markets are awaiting central bank decisions and inflation news, creating a sense of caution and waiting.
4. Profit-taking
Many investors have sold to realize gains after recent increases
