why did crypto drop so much

Last Updated on April 17, 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

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, …

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 …

Here's Why Bitcoin and Other Cryptocurrencies Keep Crashing

Here's Why Bitcoin and Other Cryptocurrencies Keep Crashing

The current slide of Bitcoin and other cryptocurrencies is being caused by a combination of short-term and long-term inputs, including larger …

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 …

Crypto prices may have further to fall … Given today’s macroeconomic environment, with the Federal Reserve tightening interest rates to stave …

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

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 …

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

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

Crypto markets saw heavy losses with investors increasingly worried about high inflation and Federal Reserve rate increases.

Why Is Bitcoin Going Down? What Causes Crypto to Fall in …

Why Is Bitcoin Going Down? What Causes Crypto to Fall in …

It is thought that this drop was triggered by rumors that the U.S would begin more tightly regulating digital assets, which gave many investors …