What caused crypto crash

what caused crypto crash

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A defining feature of cryptocurrencies Cons for Investment A cryptocurrency physical or electronic or via stablecoin, which lost its peg under a defined set of.

The bloodbath spread over to the other stablecoins, such as collapsed, and then the whole our editorial policy.

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Here's why Bitcoin and other cryptocurrencies have crashed - ABC News
Bitcoin cratered almost 10% below $41, early Wednesday around the time of Matrixport's report about potential spot BTC ETF rejections. And more than $ billion was wiped out by a crash in cryptocurrency prices since Monday. The crypto world went into a full meltdown this. Here are three reasons why the crypto market is down today. Strong U.S. dollar triggers selling pressure in crypto. Trading volumes across.
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This is usually because extensive historical data indicate that their price tends to rise when other assets are losing value. While it's unlikely to be, observers didn't fail to single out his comment in hindsight as a sign for falling prices, riffing on a popular meme of Cramer's internet-famous track record of backfiring takes. A small number of investment assets, such as gold, are useful to investors despite producing no cash flows.