Why is the crypto market down today? BTC falls below $42K
The crypto market witnessed a notable downturn, with Bitcoin (BTC) plummeting below the crucial $42,000 threshold. Today, crypto coins were trading in negative territory, as investors remained on the sidelines in anticipation of crucial inflation data. Particularly, later this week, the U.S. Labour Department is scheduled to disclose data on the Producer Price Index (PPI) […]
Why did the crypto market crash today? Return of the bear market
Today’s crypto market is in the red. On Friday, the digital asset market experienced a broad sell-off as investors became concerned about the future of crypto-friendly banks based in the United States. The total crypto market cap has dropped by 7% in the last 24 hours, losing more than $60 billion. It is now worth […]
Why is the crypto market down today? November 2022 update
The crypto market has been in a downward spiral for much of November. The collapse of FTX has exacerbated the market’s suffering and losses. The FTX crash appears to have impacted not only businesses and investors but also entire communities that had partnered with the beleaguered cryptocurrency exchange. According to CoinMarketCap, the total crypto market […]
Crypto market cap below $1T, $350M longs liquidated, is it time to buy?
The crypto market is on the verge of another stock bloodbath. Bitcoin fell below $19,000 in the early hours of Wednesday morning, its lowest value since June. This follows a worldwide decline in stock markets, as well as the dollar’s continuing strength. The entire crypto market’s value dropped below $1 trillion, with digital coins across […]
