why did bitcoin sell off

Last Updated on August 30, 2023 by Paganoto

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 persistently high inflation. Worsening the sell-off, popular crypto lender Celsius paused all account withdrawals and transfers on Sunday night, citing “extreme market conditions.”Aug 5, 2022

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

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

Bitcoin fell to about $17,749, and ether fell to about $897 on Saturday afternoon, as the sell-off in the crypto market accelerates.

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

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

Bitcoin’s price fell closer to $21,000 on Friday as crypto volatility remains depressed. Bitcoin recently saw significant gains after the Federal Reserve …

Bitcoin has lost more than half its value in the last six months …

Bitcoin has lost more than half its value in the last six months …

The sell-off is tied in part to rising interest rates and inflation that sits at 40-year highs, which has sent the broader stock market reeling.

Bitcoin's Price Climbs Above $20000 After Sharp Crypto Selloff

Bitcoin's Price Climbs Above $20000 After Sharp Crypto Selloff

The cryptocurrency has lost 70% of its value from its record high in November.

'Get-rich-quick' days over for crypto investors post relentless …

'Get-rich-quick' days over for crypto investors post relentless …

‘Get-rich-quick’ days over for crypto investors post relentless sell-off … A sharp fall in the price of Bitcoin and other cryptocurrencies …

Bitcoin drops below $20000 as crypto selloff quickens

Bitcoin drops below $20000 as crypto selloff quickens

It’s the latest sign of turmoil in the cryptocurrency industry amid wider turbulence in financial markets. Investors are selling off riskier …

Bitcoin news today, Bitcoin price, Bitcoin share price

Bitcoin news today, Bitcoin price, Bitcoin share price

Crypto lending exchange Crypto.com has laid off more employees in the … Tesla sells 75% of its Bitcoin holdings, expert say Musk did not fancy it much.