what is causing cryptocurrency drop

Last Updated on January 6, 2024 by Paganoto

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, citing “extreme” conditions. The move fuelled a slump across cryptocurrencies, with their value falling below $1trillion for the first time since January last year.Jul 4, 2022

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 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 …

Bitcoin price dropped below $17,800 as sell-off accelerates

The carnage in the crypto market is partly caused by pressure from macroeconomic forces, including spiraling inflation and a succession of …

Bitcoin (BTC) falls as market focuses on Celsius issue … – CNBC

Bitcoin and other cryptocurrencies fell sharply as investors dump risk assets. A crypto lending company called Celsius is pausing withdrawals …

Why Is Bitcoin Going Down? What Causes Crypto to Fall in …

It is thought that this drop was triggered by rumors that the U.S would begin more tightly regulating digital assets, which gave many investors …

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.

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

The fall in cryptocurrencies is part of a broader pullback from risky assets, spurred by rising interest rates, inflation and economic …

3 reasons why Bitcoin's drop to $21K and the market-wide sell …

3 reasons why Bitcoin’s drop to $21K and the market-wide sell-off could be worse than you think · The BTC Futures premium vanished · Leverage …

Paganoto

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