3 reasons behind the crypto crash that dragged Bitcoin below $50K

finance.yahoo2021-12-06

Why is the cryptocurrency market crashing? It’s always hard to pinpoint an exact cause, but in this case, there seem to be a number of factors at work. Just to give you an idea of the magnitude of the...

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精彩评论

maxichua
2021-12-06
maxichua
Haha
arakom
2021-12-06
arakom
[smile]
Charging
2021-12-06
Charging
[smile]
Donald TH
2021-12-06
Donald TH
Yay…
- Charging:
  [smile]
brankoh
2021-12-06
brankoh
Crypto to the moon!!
- arakom:
  pity I didn't buy
- MOON88:
  Ya to the moon
FSYE
2021-12-06
FSYE
Ok

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The move from then to this afternoon’s levels represents a 14.2% drop.\nOther digital coins like Ethereum (ETH-USD) have also plunged over the past 24 hours as well.Republicworld.com notes that “the total crypto market cap fell from $2.6 trillion on Friday to $2.07 [trillion] on Saturday. The total market value touched $3 trillion last month, for a very short time.”\nSo what gives here?\nTHE FED\nFirst weakness in plain vanilla equities, in part brought about by Federal Reserve taper talk, has investors spooked by speculative assets.Famed investor Louis Navellier’s warned“that the US Federal Reserve’s tapering could burst the Bitcoin and crypto bubble.”\nNavellier said the Fed’s tapering “should create a correction in risk assets, of which Bitcoin is a part.” He also warned that Bitcoin’s price could drop below $10,000.\nTHE COVID\nObviously the Omicron variant outbreak and the uncertainty surrounding its severity – and the efficacy of vaccines, which is still to be determined – also has investors running for the hills.\nTHE HOLIDAYS\nAlso, ‘tis the season. Many investors seeing the year winding down are looking to lock in gains and take money off the table. 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to the moon!!","listText":"Crypto to the moon!!","text":"Crypto to the moon!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/608288463","repostId":1144089658,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6860810,"gmtCreate":1638749554943,"gmtModify":1638749554977,"authorId":4093495894883950,"author":{"id":4093495894883950,"authorId":4093495894883950,"name":"arakom","avatar":"https://static.tigerbbs.com/6e1f9b71242f06741e2b1d70506f8aaa","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":608288463,"type":1,"supId":0,"prevId":0,"content":"pity I didn't <u>buy</u>","text":"pity I didn't <u>buy</u>","html":"pity I didn't <u>buy</u>"},{"id":6860609,"gmtCreate":1638749101393,"gmtModify":1638749101428,"authorId":3575859659136593,"author":{"id":3575859659136593,"authorId":3575859659136593,"name":"MOON88","avatar":"https://static.tigerbbs.com/f09b0d1b368ce9762e9af5a440d99d98","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":608288463,"type":1,"supId":0,"prevId":0,"content":"Ya to the moon","text":"Ya to the moon","html":"Ya to the 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