why are crypto markets down today

why are crypto markets down today插图

Regulatory overhang

Why is crypto crashing right now?

Why Is Crypto Crashing Right Now? Cryptocurrency prices have been falling since November, and now investors are starting to sell off, which leads to further price drops.

Is the crypto market going to crash?

Whether it’s the stock market or the crypto market, there will always be downturns; more so with cryptocurrency, as it is a volatile and high-risk investment. The flip side of these significant drops is the incredible gains that certain cryptocurrencies have produced.

When will Bitcoin crash again?

BITCOIN has been predicted to crash in 2022 and the value of the cryptocurrency fell dramatically earlier today. One finance expert thinks Bitcoin’s worth could tank as low $10,000 (7,400) per coin. A value of $10,000 may still seem like a lot but Bitcoin was trading at $69,000 (51,000) back in November. After a December crash Bitcoin was …

What caused the Bitcoin crash?

What caused Bitcoin crash? While many people are citing the frenzy sell-offs, this is just a reaction to the price crashing and not necessarily the cause.Experts claim that the issue had to do with investors using margin loans to buy Bitcoin hoping to make a massive profit at the end of the year.

What is driving the crypto market down?

Among the crypto-specific catalysts driving the crypto market down is continuing regulatory overhang. Today, investors appear to be concerned about new proposed legislation that would allow crypto assets to be tracked. The Treasury Department and other agencies are looking to track crypto mining and use cases worldwide. With this shift potentially coming to U.S. soil, investors appear to be showing signs of worry.

Is China imposing a crypto ban?

Indeed, this announcement follows yet another move by China to tighten its grip on the crypto markets. While China has imposed various bans on the crypto market in the past, its latest outright ban of crypto mining and crypto ownership in China appears to be one that’s causing worry. As the world’s largest crypto market, investors have been digesting how likely it is that this ban is enforceable in crypto prices of late. Accordingly, additional scrutiny by U.S. regulatory agencies appears to be driving overly negative sentiment right now.

Does Chris MacDonald have any positions in the securities mentioned in this article?

On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

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