Top-3 Crypto Losers of the Week — Price Analysis

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Market data is provided by HitBTC.

The sentiment in cryptocurrencies turned sour following opposition to Facebook’s Libra project. However, Facebook co-founder and CEO Mark Zuckerberg said during a recent conference call that the company will address all the concerns of the regulators “and then figure out what the best way to move forward.” 

However, Brad Garlinghouse, CEO of Ripple, fears that the regulator attention on Libra might create issues for the existing cryptocurrencies in terms of stricter regulation. The markets hate uncertainty. Hence, we have seen a lack of buyers in the past few days. 

As we believe that the bottom is in place for most major cryptocurrencies, we view the current fall as a buying opportunity. Sharp falls in the…