why crypto is dropping

Last Updated on April 12, 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

Crypto Crash: Why Is Crypto Down Today? – Forbes

Crypto Crash: Why Is Crypto Down Today? – Forbes

The price of Bitcoin and other cryptocurrencies tumbled to new 2022 lows this week thanks to elevated instability among stablecoins.

Why Is Bitcoin Down Today? – Forbes

Why Is Bitcoin Down Today? – Forbes

Bitcoin prices are now down nearly 56% year to date, trading well off their all-time highs of around $69,000 in November 2021. Experts also say …

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 …

Crypto crash: Why has cryptocurrency dropped?

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 …

Bitcoin (BTC) price bottom: Here's what the market wants to see

Bitcoin (BTC) price bottom: Here's what the market wants to see

Bitcoin has been hurt by the macroeconomic situation of soaring inflation that has forced the U.S. Federal Reserve and other central banks into …

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

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

Bitcoin plunged to about $17,749 and ether fell to about $897 at around 4:15 E.T. on Saturday afternoon, as the sell-off in the crypto market …

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

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

On June 13, bitcoin saw its biggest single-day drop since March 2020, falling 16% to $21,910. Two days later, the Federal Reserve increased …

Why is Bitcoin Crashing? See Why Celsius Paused Withdrawals

Why is Bitcoin Crashing? See Why Celsius Paused Withdrawals

The drop in the crypto market follows the massive rise in inflation that has plagued Americans across the country. The U.S Federal Reserve is anticipating …

Crypto Price Today Live: Bitcoin breaches $23000

Crypto Price Today Live: Bitcoin breaches $23000

Cardano and Polkadot declined 8 per cent each. The global cryptocurrency market cap was trading lower at the $1.08 trillion mark, dropping as …