Why Is Bitcoin Litecoin Ethereum Crashing

Last Updated on February 8, 2024 by Paganoto

Why are bitcoin, ether, litecoin and other cryptos crashing?

But it’s not just bitcoin that is falling off a cliff edge. As a matter of fact, other cryptocurrencies are being hit even harder by the news.

Ethereum (ETH) prices dropped around 16% to less than $1,300, while Litecoin (LTC) and Bitcoin Cash (BCH) prices were down more than 13%.

It follows a loss of confidence in the crypto market amid economic pressures around the world brought on by Russia’s invasion of Ukraine and …

Cryptocurrency prices have crashed further, with many major coins losing a quarter of their value in a matter of hours.

This crash was possibly triggered by a financial “attack” on the stablecoin Terra (UST), which is supposed to match the US dollar but is …

The crypto sell-off continued today, as investors continued to shun riskier assets amid high levels of inflation and the Federal Reserve’s …

Taken together, these issues have dragged down the entire market, with smaller cryptocurrencies such as Litecoin (CCC:LTC-USD) and Dogecoin ( …

Ether, the second most valuable digital currency, has lost about a third of its value since Friday and has dropped 75% below its highs. More …

As Terra fell, crypto investors panicked and started selling other coins as well, eventually crashing the crypto market. There are few …

Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.