Cryptocurrency traders and investors are eager to see a return to week-over-week gains, even if some market analysts view the bull run that buoyed Bitcoin and other crypto assets to record highs as “unsustainable.”
Slowly, however, Bitcoin and most other cryptocurrencies are beginning to recover from the historic crash that occurred last week. But some, such as top 10 coins Polkadot (DOT) and Dogecoin (DOGE), are taking longer to recoup those losses.
Bitcoin’s 40% drop to $30,000 had many causes, but cyclical market behavior aside, environmental concerns over how Bitcoin is mined are undoubtedly moving to the forefront of the discussion.
When Elon Musk announced that Tesla bought Bitcoin, it catalyzed a historic price rally, and just as easily, when Elon Musk announced that Tesla would stop accepting Bitcoin as a means of payment, it set off a price crash with almost equal force. Subsequent announcements that China would crack down on energy-intensive Bitcoin mining reignited the
Źródło: https://decrypt.co/72136/crypto-markets-recover-polkadot-dogecoin-lag
