Crypto Price Explosion: What Causes It and What Does It Mean?

Photo by Art Rachen on Unsplash

Cryptocurrencies are known for their high volatility and unpredictability, as their prices can change dramatically in a short period of time. Sometimes, these price changes are so extreme that they are called crypto price explosions, where the value of a crypto asset increases or decreases by several orders of magnitude in a matter of hours or days.