{"id":48466,"date":"2022-06-13T10:11:28","date_gmt":"2022-06-13T10:11:28","guid":{"rendered":"https:\/\/harchi90.com\/why-is-crypto-crashing\/"},"modified":"2022-06-13T10:11:28","modified_gmt":"2022-06-13T10:11:28","slug":"why-is-crypto-crashing","status":"publish","type":"post","link":"https:\/\/harchi90.com\/why-is-crypto-crashing\/","title":{"rendered":"Why is crypto crashing"},"content":{"rendered":"
The crypto market capitalization has continued to crash, now sitting at $ 1.04 trillion, a decrease of over 8% in the last 24 hours. Almost every principal cryptocurrency was in the red, with prices for many dropping by more than 11% and establishing new lows in the previous 24 hours.<\/p>\n
The dominance of the top currencies has decreased by nearly 0.5 percent to 47.20 percent of the overall crypto market. Bitcoin’s price has tumbled by a staggering 17.02% over the past week.<\/p>\n
At the time of writing, Ethereum is trading at roughly $ 1350, a drop of more than 14 months. Solana has fallen by almost 30% and is hovering around the $ 29 mark. <\/p>\n
According to experts, the cryptocurrency’s price drop suggests a declining risk appetite among investors. They are very cautious of risky investments. It is one of the most volatile investment due to its unpredictability and volatility.<\/p>\n
Meanwhile, the overall currency market capitalization increased by 31.35 percent to $ 94.56 billion in the last 24 hours, signifying investors’ substantial sell-off of digital assets. DeFi’s market share volume in crypto was $ 7.76 billion, 8.2% of all crypto trading volume. The stable coin market had a value of $ 82.21 billion, 86.94% of the entire cryptocurrency market’s 24-hour turnover.<\/p>\n
Bitcoin is trading at $ 25,762.63 as of writing, down from its all-time high of nearly $ 68,000. Central banks’ interest rates have been hiked, as a result of which cryptocurrency trading has decreased, and their values \u200b\u200bhave fallen. Consider this: Bitcoin’s year-to-date return is down 40%, whereas Ethereum’s is down 50%.<\/p>\n