why is crypto trending down

Last Updated on June 21, 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

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 …

Bitcoin's Price Rises Above $24,000 Amid Mixed Economic …

Bitcoin's Price Rises Above $24,000 Amid Mixed Economic …

Bitcoin’s price rose above $24,000 on Monday, though the overall macro economic outlook remains mixed and the crypto market is subdued.

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 is the cryptocurrency market down today? | The US Sun

Why is the cryptocurrency market down today? | The US Sun

CRYPTOCURRENCIES including Bitcoin, Ethereum, BNB, Cardano and XRP have faced a tough year, with fluctuating values and more. The price of Bitcoin has gone …

Why the 2022 'crypto winter' is unlike previous bear markets

Why the 2022 'crypto winter' is unlike previous bear markets

The crypto market has been flooded with debt thanks to the emergence of centralized lending schemes and so-called “decentralized finance.”

Cryptocurrencies Melt Down in a 'Perfect Storm' of Fear and …

Cryptocurrencies Melt Down in a 'Perfect Storm' of Fear and …

SAN FRANCISCO — The price of Bitcoin plunged to its lowest point since 2020. Coinbase, the large cryptocurrency exchange, tanked in value.

Why are crypto markets crashing? What about luna? We explain

Why are crypto markets crashing? What about luna? We explain

But as inflation has surged, bitcoin’s price more than halved, making it less attractive for investors during high spells of elevated prices.

Crypto crash 2022: why are Bitcoin and Ethereum down today?

Crypto crash 2022: why are Bitcoin and Ethereum down today?

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 …