why did bitcoin drop this week

Last Updated on April 23, 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

BTC began trading lower from the $28,000 to $32,000 range that it held in mid-May falling to a 52-week low on June 18, when Bitcoin bottomed …

Bitcoin news today, Bitcoin price, Bitcoin share price

Bitcoin news today, Bitcoin price, Bitcoin share price

Crypto price: Bitcoin hits 3-week low, falls below $22K; Ether plunges over 5% · Bitcoin drops 8% to slip below $22,000; where’s the crypto behemoth headed next?

Bitcoin, Ether Bounce Off Lows After Record-Breaking Rout

Bitcoin, Ether Bounce Off Lows After Record-Breaking Rout

Bitcoin plunged through several closely watched price levels to the lowest since late 2020 as evidence of deepening stress within the crypto …

CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data

CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data

The decline in crypto prices appears to be linked to poor inflation data in Germany Bitcoin BTC sold off sharply in Friday trading and was recently trading …

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, …