![]() And in total, the crypto market lost more than $1.3 trillion in a two-week span.Īs you can see, the crypto crash has led to massive losses and less trading. These are some of the largest and most popular cryptocurrency exchanges. ![]() On the other side of the crypto spectrum, the “meme token” Dogecoin is down more than 70% over the past two months after hitting an all-time high of $0.740796.Īccording to a CryptoCompare, trading volume on Coinbase, Binance, Bitstamp and Kraken also falling. Bitcoin is realizing a downward trend much like the rest of the market. So let’s take a look at the bigger picture. And while most experts believe it’s only a matter of time before the crypto market recovers, many investors are trying to determine if now’s the time to get in or get out. Recent government crackdowns and the resulting backlash have led to market uncertainty and volatility. So why is crypto going down so quickly after most digital currencies were reaching new highs in recent months? Anything from negative press to government crackdowns can cause a chain reaction that leads to a crypto crash.Īt the moment, Bitcoin is trading around $30,000 after hitting an all-time high of $68,789.63 in 2021. And the majority of price movement within the market is dependent on Bitcoin’s success or failure.įor example, most altcoins face volatility when Bitcoin begins to drop. Why Is Crypto Going Down? Will the Slide Continue?īitcoin is the face of the cryptocurrency market. ![]() Bitcoin’s volatility is causing uncertainty in the crypto market that has forced investors into tough decisions with their portfolios. Why is crypto going down after outperforming projections over the previous two years? This is a question that many analysts and experts are considering at the moment.
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