China's consistent crackdown on digital coins has also contributed. For instance, the hiking interest rates in the USA could be a pretty good reason. Now, the big question – why is the crypto market crashing? Just like for any other market, there are certain indicators that can push people in one direction or another. Some believe this is a temporary setback, but most critics associate it with the beginning of a crisis. Keep in mind that the cryptocurrency market was worth about $200 billion a few years ago. The crash is quite substantial if you look at numbers, and it occurred after a consistent period of growth. Most digital coins out there lost value.īelieve it or not, the cryptocurrency market has declined from $3 trillion to $2 trillion in a few months only. Practically, other popular digital coins have also been dragged down and lost similar amounts of value – whether you think about Ethereum, BNB, Cardano, or XRP. The bad news is that Bitcoin seems to influence the whole market. The Bitcoin price has lost about 40% in less than two months. Such crashes occur more often, and the impact is devastating – some people go rich overnight, while others lose their savings. Digital coins are so volatile that they could never follow the same trends. There are all sorts of financial crises hitting every now and then – usually with decades between one and another. So, why is crypto market crashing? The truth is all markets crash, but not as often as this one.
Whether you want to understand more about this industry, here are some financial crisis books that will help. By May of 2022, Bitcoin was valued at about $30,000. But then, 2022 brought in a falling trajectory. Basically, the coin has managed to hit its all-time record – just under $70,000 in the fall of 2021. Most people ask themselves today – is a Crypto market crash inevitable?Ģ021 was like a roller coaster ride for Bitcoin. It goes up and down on a regular basis, and the jumps are spectacular. Some digital coins have not managed to recover, but some of them stands out – Bitcoin & Ethereum. They have an incredible track record of boom and bust.
There are no doubts about it – whether it comes to Bitcoin or other cryptocurrencies, they are all volatile. Find valuable financial crisis books to understand the crypto market crash!
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