What Is Causing The Current Cryptocurrency Drop

Last Updated on August 12, 2023 by Paganoto

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

Experts also point to a potential recession, rising interest rates, the continuous war in Ukraine, and inflation hitting a fresh 40-year high for why we're seeing slumping prices in the stock and crypto markets.

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 …

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.

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, …

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, …

Crypto crash: Why has cryptocurrency dropped?

It was born out of the 2008 financial crisis – a crisis caused by reckless institutional leverage, illiquid assets, and severe counterparty risk …

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

SAN FRANCISCO — The price of Bitcoin plunged to its lowest point since 2020. Coinbase, the large cryptocurrency exchange, tanked in value.

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

Market experts say two main factors are driving the recent slump in the cryptocurrency market: moves by the U.S. Federal Reserve to combat high …

Bitcoin drops below $20000 as crypto meltdown continues

The coin has lost 80% of its value from its record high last November. The massive crypto meltdown is part of a larger market downturn brought …

Paganoto

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