why bitcoin dropping so much

Last Updated on June 9, 2023 by Paganoto

Bitcoin drops below $20000 as crypto meltdown continues

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

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

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

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

Crypto Crash: Why Is Crypto Down Today? – Forbes

On Monday, the price of Bitcoin (BTC) and other cryptocurrencies tumbled to new 2022 lows as investors dumped risk assets in response to …

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

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 Fed …

Bitcoin has lost more than 50% of its value this year. What to …

Bitcoin has lost more than 50% of its value this year. What to …

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

Brutal Month for Bitcoin as June Ends With Biggest Drop in 11 …

Brutal Month for Bitcoin as June Ends With Biggest Drop in 11 …

Bitcoin (BTC) slumped over 37.3% in June – the biggest monthly price drop since 2011, in an epic market sell-off that triggered job cuts …

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

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, …

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

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 …