Dr. Mohamed Abdel Mottaleb, a partner at 'X-pay', stated that cryptocurrencies, despite being considered high-risk assets, have not responded to market fluctuations in the same manner, whether rising or falling.
Abdel Mottaleb attributed this, in an interview with 'Al Arabiya Business', to the influence of other factors on cryptocurrencies, most notably the anticipation of regulatory legislation for this sector in the United States.
He pointed out that this anticipated legislation has not yet been issued, and there are no clear indications regarding its flexibility and whether it meets the requirements of the cryptocurrency market and the companies operating within it.$BTC