This Has to Happen Before Investors Take Cryptocurrency Seriously
Thursday brought continued uncertainty to Wall Street, as investors kept trying to consider the ramifications of the Federal Reserve's latest meeting for the stock market and the economy. As of 1 p.m. ET, the Dow Jones Industrial Average (DJINDICES: ^DJI) was down 24 points to 36,383. However, the S&P 500 (SNPINDEX: ^GSPC) added 14 points to 4,714, while the Nasdaq Composite (NASDAQINDEX: ^IXIC) gained 47 points to 15,147.
Cryptocurrencies, however, continued to lose value, extending declines from all-time highs several months ago. As the tug of war between crypto bulls and bears goes on, though, the more important question of how average investors perceive the digital asset market remains unanswered. Today's market action reveals a shortcoming of the crypto market, and change will be necessary before many investors will take cryptocurrency seriously.
Image source: Getty Images.
Source Fool.com
