Why This Giant Bitcoin Drop - Samuelpaganoto.com

Last Updated on January 18, 2023 by Paganoto

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

Sudden crypto market drop sends bitcoin below $22,000

Bitcoin plunged from $22,738 to below $21,12.34 at 4:00 p.m. ET, according to CoinDesk data. Earlier in the morning, the cryptocurrency …

Sudden crypto drop sends bitcoin to three-week low – Reuters

Cryptocurrencies fell sharply on Friday, with sudden selling dragging bitcoin to a three-week low, with analysts divided over the reason …

Bitcoin Drops Most in Two Months as Global Markets Turn …

Solana tumbled as much as 14% on Friday, the biggest drop since June 13, and Cardano fell by a similar magnitude. Cryptocurrency prices have …

Bitcoin: Why is the largest cryptocurrency crashing? – BBC News

Binance, the largest global crypto exchange (basically a platform for trading cryptocurrencies), paused all Bitcoin withdrawals for a few hours.

Bitcoin Just Dropped Below $30,000—What Drove This Latest …

Bitcoin prices have suffered some heavy losses lately, falling to less than $30,000 during a day where risk assets experienced a broad …

Serious $10,000 Warning As Massive Meltdown Sends Bitcoin …

Bitcoin BTC -3% has crashed under $20,000 per bitcoin after a huge crypto market meltdown wiped away around $400 billion of value in just a …

Bitcoin-Mining Giant Core Posts $862 Million Loss on Price Drop

Core Scientific Inc. the largest US publicly-traded Bitcoin miner by computing power, had a second-quarter loss of $862 million tied to the …

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

Bitcoin hasn’t been above $50,000 since Dec. 25, 2021. Despite the ups and downs, Bitcoin’s price has seen a nearly 70% drop in value since its all-time high …

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.

Paganoto

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