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Cryptos Price Has Fallen Below
Cryptos Price Has Fallen Below latest news, images, analysis about Jun 13, 2022 · The price of Bitcoin has fallen nearly 12 percent in the last 24 hours, shedding about $2,000 from its price since the Celsius news came out, dropping to $23,510.15 as of …
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Why are cryptocurrency prices falling?
Why The Cryptocurrency Prices are Falling?
- Internet shutdown in Kazakhstan. Kazakhstan has a growing pace of cryptocurrency mining, the political crisis and internet shutdown have had a significant impact on digital currency valuation.
- The aggressive policy of the US Federal Reserve. ...
- Bitcoin scam in Pakistan. ...
- The new COVID variant. ...
Why is crypto dropping?
These plunges are fuelled by fears that future Fed moves to counter inflation might push the U.S. markets towards a recession. If it is any solace for crypto enthusiasts, Nasdaq dropped by nearly 5 percent, and S&P500 lost almost four percent valuation the day Bitcoin slumped.
Will bitcoin continue to fall?
Things are less drastic on the cryptocurrency front, which is accustomed to volatility. After starting the year at $46,700, Bitcoin has seesawed up and down while rarely getting back above that mark. It's now down over 21% for the year, according to data from CoinMarketCap.
Why are all Cryptos down?
Momentum also appears to be pushing these cryptocurrencies lower, so the fall may not be over yet. As usual, regular volatility is likely the biggest driver with cryptocurrencies simply selling off as investors take profits. But there are some fundamental concerns that investors are likely worried about as well.
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