Top Reasons Why Crypto Market is Crashing Today!
Cryptocurrency markets are in deep red. The majority of mainstream cryptocurrency tokens have slipped from their positions. The current crypto crash can be attributed to macroeconomic factors.
Firstly, Bitcoin Price Fell as the Dollar value jumped to a 20-year high.
Next comes, The Fed’s monetary policy of keeping interest rates high to combat four-decade high inflation has led investors to sell crypto and other assets.
Overall, The sharp decline saw over $100 million in Bitcoin liquidations with total liquidations of nearly $222 million.
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