what caused cryptocurrency drop today

Last Updated on June 15, 2023 by Paganoto

Bitcoin drops below $20000 as crypto meltdown continues

The massive crypto meltdown is part of a larger market downturn brought on by elevated inflation, rising interest rates, war in Ukraine, Covid lockdowns and supply chain chaos. This week, the Federal Reserve increased interest rates by 75 basis points, the largest hike since 1994.Jun 20, 2022

Sudden crypto market drop sends bitcoin below $22,000

Bitcoin plunged from $22,738 to below $21,12.34 at 4:00 p.m. ET, according to CoinDesk data. Earlier in the morning, the cryptocurrency …

Bitcoin Is 'Officially on Vacation,' Dropping Closer to … – Time

Some of the drops have been caused by a combination of factors, Noble theorizes, from excitement about low-quality coins, to negative remarks from Elon Musk, to …

Why Is Bitcoin Down Today? – Forbes

The price of Bitcoin (BTC) has dropped sharply over recent months, thanks to major turbulence in cryptocurrency markets. As of this writing, …

Crypto Crash: Why Is Crypto Down Today? – Forbes

Cryptocurrency lending firm Celsius announced that it would pause all withdrawals, causing a ripple effect in the fragile crypto market.

Bitcoin news today, Bitcoin price, Bitcoin share price

Crypto price: Bitcoin hits 3-week low, falls below $22K; Ether plunges over 5% · Bitcoin drops 8% to slip below $22,000; where’s the crypto behemoth headed next?

Why are crypto markets crashing? What about luna? We explain

Why are bitcoin and other cryptocurrencies crashing? … Market experts say two main factors are driving the recent slump in the cryptocurrency …

Crypto crash reason: Why cryptocurrency markets crashed this …

The immediate trigger for the crypto crash appears to be a massive sell-off by investors amid heightened inflation fears and pausing of …

The reasons behind the crashing crypto market – The Hindu

As central banks withdraw liquidity from the market, there’s less money chasing assets, which in turn causes the prices of assets to drop.

Paganoto

Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.