Today’s cryptocurrency market has witnessed a dramatic downturn, with Bitcoin (BTC) plummeting and Ethereum (ETH) extending below $3,000. Furthermore, other altcoins also suffered a similar trajectory. In addition, fear, uncertainty, and doubt (FUD) mounted owing to fears of recession. Here are the five reasons for today’s crypto market crash:
Bitcoin (BTC) $ 75,874.00
Ethereum (ETH) $ 2,878.53
Tether (USDT) $ 1.00
USDC (USDC) $ 0.999629
Dogecoin (DOGE) $ 0.191495
Cardano (ADA) $ 0.396023
TRON (TRX) $ 0.160142
Chainlink (LINK) $ 12.51
Bitcoin Cash (BCH) $ 377.27
LEO Token (LEO) $ 6.26
Litecoin (LTC) $ 71.34
Dai (DAI) $ 0.999538
Stellar (XLM) $ 0.101241
Ethereum Classic (ETC) $ 20.14
Monero (XMR) $ 163.27
Stacks (STX) $ 1.67
Cronos (CRO) $ 0.091043
OKB (OKB) $ 40.43
Hedera (HBAR) $ 0.048949
Cosmos Hub (ATOM) $ 4.50
VeChain (VET) $ 0.021627
Maker (MKR) $ 1,508.64
KuCoin (KCS) $ 10.17
Theta Network (THETA) $ 1.20
Gate (GT) $ 9.04
Algorand (ALGO) $ 0.122276
Polygon (MATIC) $ 0.342969
NEO (NEO) $ 10.26
EOS (EOS) $ 0.464324
Tether Gold (XAUT) $ 2,710.72
Zcash (ZEC) $ 44.02
Tezos (XTZ) $ 0.652279
TrueUSD (TUSD) $ 0.994717
Synthetix Network (SNX) $ 1.49
IOTA (IOTA) $ 0.118792
Bitcoin Gold (BTG) $ 23.61
Holo (HOT) $ 0.001760
Dash (DASH) $ 23.45
0x Protocol (ZRX) $ 0.330573
Zilliqa (ZIL) $ 0.014380
Siacoin (SC) $ 0.004642
Enjin Coin (ENJ) $ 0.148341
Ravencoin (RVN) $ 0.017798
Basic Attention (BAT) $ 0.170160
Qtum (QTUM) $ 2.40
Decred (DCR) $ 12.49
Ontology (ONT) $ 0.181419
NEM (XEM) $ 0.016482
ICON (ICX) $ 0.133902
Lisk (LSK) $ 0.834074
Nano (XNO) $ 0.867617
Numeraire (NMR) $ 15.51
Pax Dollar (USDP) $ 1.00
DigiByte (DGB) $ 0.006214
Waves (WAVES) $ 1.04
Status (SNT) $ 0.025517
Hive (HIVE) $ 0.187119
Huobi (HT) $ 0.536017
Steem (STEEM) $ 0.174327
BUSD (BUSD) $ 0.999118
Ren (REN) $ 0.035937
OMG Network (OMG) $ 0.252006
Bitcoin Diamond (BCD) $ 0.060547
Bytom (BTM) $ 0.004247
Kyber Network Crystal Legacy (KNCL) $ 0.457008
HUSD (HUSD) $ 0.026918
