Top Reasons Behind Today's Crypto Market Crash!


The crypto market experienced a massive sell-off, here are the top 6 news that caused a catastrophe in the market On March 10,

Due to leveraged liquidations by some users, Huobi Token dropped abruptly by 90%, but Sun thinks that such fluctuations are common.

In a lawsuit brought by a New York lawyer, Ethereum has been classified as a security, which might establish a dangerous precedent and hurt the cryptocurrency trading business.

Due to "network inconsistencies," Hedera Hashgraph (HBAR) had to shut down network services, sparking rumors of a possible hack.

One of the largest banks in the cryptocurrency sector, Silvergate Capital Corp,  announced to wind down operations and voluntarily liquidate.

Biden proposed a 30% tax on electricity used for cryptocurrency mining in his budget to mitigate its impact on the environment and society.

Silicon Valley Bank suffered a 60% plunge on Thursday after selling off its bond portfolio worth $21 billion, which is a significant hit to the economy.