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) $ 95,910.00
Ethereum (ETH) $ 3,326.06
Tether (USDT) $ 1.00
Dogecoin (DOGE) $ 0.319347
USDC (USDC) $ 1.00
Cardano (ADA) $ 0.895198
TRON (TRX) $ 0.247449
Chainlink (LINK) $ 22.26
Stellar (XLM) $ 0.361177
Hedera (HBAR) $ 0.268016
Bitcoin Cash (BCH) $ 451.45
LEO Token (LEO) $ 9.32
Litecoin (LTC) $ 101.44
Cronos (CRO) $ 0.157833
Ethereum Classic (ETC) $ 26.26
VeChain (VET) $ 0.046304
Monero (XMR) $ 192.45
Dai (DAI) $ 1.00
Algorand (ALGO) $ 0.353500
OKB (OKB) $ 44.94
Cosmos Hub (ATOM) $ 6.56
Stacks (STX) $ 1.67
Theta Network (THETA) $ 2.17
Gate (GT) $ 12.99
Maker (MKR) $ 1,596.20
KuCoin (KCS) $ 11.09
Tezos (XTZ) $ 1.27
EOS (EOS) $ 0.796897
IOTA (IOTA) $ 0.295724
NEO (NEO) $ 14.22
Polygon (MATIC) $ 0.480122
Zcash (ZEC) $ 57.34
Synthetix Network (SNX) $ 2.01
Tether Gold (XAUT) $ 2,635.46
TrueUSD (TUSD) $ 1.00
Dash (DASH) $ 36.16
Holo (HOT) $ 0.002350
Zilliqa (ZIL) $ 0.021094
0x Protocol (ZRX) $ 0.459681
Enjin Coin (ENJ) $ 0.218442
Qtum (QTUM) $ 3.09
Basic Attention (BAT) $ 0.215445
Siacoin (SC) $ 0.005547
Ravencoin (RVN) $ 0.020925
Bitcoin Gold (BTG) $ 17.24
Decred (DCR) $ 16.35
NEM (XEM) $ 0.025071
DigiByte (DGB) $ 0.011792
Ontology (ONT) $ 0.226161
ICON (ICX) $ 0.169573
Nano (XNO) $ 1.32
Status (SNT) $ 0.043206
Hive (HIVE) $ 0.365488
Huobi (HT) $ 1.02
Lisk (LSK) $ 0.921718
Waves (WAVES) $ 1.50
Numeraire (NMR) $ 15.04
Steem (STEEM) $ 0.221773
Pax Dollar (USDP) $ 1.00
BUSD (BUSD) $ 0.982721
OMG Network (OMG) $ 0.338500
Ren (REN) $ 0.029236
Bitcoin Diamond (BCD) $ 0.063439
Bytom (BTM) $ 0.004171
