Analyst: Cryptocurrency collapses, challenging the hope of a turnaround in the Asian market

News on August 5, the sell-off of cryptocurrencies is accelerating - Bitcoin has just fallen to its lowest point since February, and Ethereum also fell sharply that day. The yen just took off, appreciating more than 1% against the dollar that day. This confirms analyst Mark Cudmore's view that the actions of virtual currencies may mean more sell-offs are yet to come.