What Caused The July Bitcoin Crash

Last Updated on March 31, 2024 by Paganoto

Bitcoin: Why is the largest cryptocurrency crashing? – BBC News

Experts say this is because of the wider global climate. It's not just in the crypto world things are not looking good. Recession looms, inflation is soaring, interest rates are rising and living costs are biting. Stock markets are wobbling too, with the US S&P 500 now in a bear market (down 20% from its recent high).Jun 14, 2022

Here's Why Bitcoin and Other Cryptocurrencies Keep Crashing

China’s crackdown on bitcoin mining in mid-2021, for example, led to Bitcoin crashing from $65,000 in April to $35,000 in June.

Bitcoin crash: what's behind crypto collapse? – The Times

The slump in June 2022 was triggered by Celsius Network, a major US cryptocurrency lending company, after it froze withdrawals and transfers …

$200 Billion Crypto Price Crash: Bitcoin Suddenly … – Forbes

The bitcoin price has lost more than 6% over the last 24 hours, crashing under the closely-watched … [+] $30,000 per bitcoin level and wiping …

Cryptocurrencies Melt Down in a 'Perfect Storm' of Fear and …

Celsius Network, a crypto bank that filed for bankruptcy, was one of the casualties of the crash of the crypto market. Those who lost their …

Why Does Crypto Crash? 6 Reasons – US News Money

Cryptocurrencies have had a rough start to the year. As of May 12, Bitcoin (BTC) had lost nearly 40% in value year to date, while Ethereum …

Crypto Crash: What Investors Need to Know – Investopedia

Bitcoin‘s value fell by more than half its value since its November 2021 peak, which caused the entire cryptocurrency market to collapse.

Why Is Crypto Crashing? Should You Hang On?

The crypto crash isn’t exclusive to just crypto. The Dow Jones Industrial Average, a key stock index, entered a bear market in mid-June 2022. In …

Paganoto

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