If you have been following the crypto space, you know that the market has been volatile lately. The price of bitcoin has fluctuated, and many other cryptocurrencies have their relative ups and downs.
The problem is that volatility makes it difficult to use cryptocurrencies as a means of payment. If you plan to pay someone in bitcoin, how do you know how much they will get? You can guess, but it would be more efficient to use something like an exchange rate website to determine the value of your transaction in fiat currency.
what can regulators do about it?
They can't stop the crypto markets from being volatile, but they can make sure those markets are as stable as possible so that users can feel confident when trading with them. This will help ensure that cryptocurrencies remain a viable long-term option for consumers and businesses.