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Why is the crypto market down today?

09/23/2022

Less than a minute

2022.09.23 15:52

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Why is the crypto market down today?

Crypto prices keep falling, but why? This year’s market crash has turned most winning portfolios into net losers, and new investors are probably losing hope in (BTC).

Investors know that cryptocurrencies exhibit higher than average volatility, but this year’s drawdown has been extreme. After hitting a stratospheric all-time high at $69,400, Bitcoin price crumbled over the next 11 months to an unexpected yearly low at $17,600.

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Why is the crypto market down today?

09/23/2022

Less than a minute

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Bitcoin (BTC) $ 96,158.76 0.41%

Ethereum (ETH) $ 2,807.28 2.48%

XRP (XRP) $ 2.57 0.77%

Tether (USDT) $ 1.00 0.03%

BNB (BNB) $ 662.22 0.76%

Solana (SOL) $ 171.10 1.53%

USDC (USDC) $ 1.00 0.00%

Dogecoin (DOGE) $ 0.245222 0.29%

Cardano (ADA) $ 0.77734 1.12%

Lido Staked Ether (STETH) $ 2,795.55 2.24%

TRON (TRX) $ 0.242867 2.10%

wrapped-bitcoin

Wrapped Bitcoin (WBTC) $ 96,061.74 0.35%

Wrapped stETH (WSTETH) $ 3,356.65 2.70%

Chainlink (LINK) $ 17.90 1.45%

Avalanche (AVAX) $ 25.39 0.55%

Sui (SUI) $ 3.36 0.24%

Stellar (XLM) $ 0.33191 0.92%

Litecoin (LTC) $ 127.54 0.62%

the-open-network

Toncoin (TON) $ 3.79 3.89%

Shiba Inu (SHIB) $ 0.000016 1.22%

LEO Token (LEO) $ 9.71 0.37%

hedera-hashgraph

Hedera (HBAR) $ 0.21333 0.50%

USDS (USDS) $ 0.999681 0.04%

MANTRA (OM) $ 8.60 13.15%

Hyperliquid (HYPE) $ 23.95 2.03%

WETH (WETH) $ 2,806.42 2.53%

Polkadot (DOT) $ 5.04 1.24%

Bitcoin Cash (BCH) $ 328.91 3.05%

Bitget Token (BGB) $ 5.08 1.63%

Ethena USDe (USDE) $ 1.00 0.04%

Wrapped eETH (WEETH) $ 2,974.34 2.51%

Uniswap (UNI) $ 9.18 2.91%

Monero (XMR) $ 232.35 0.33%

NEAR Protocol (NEAR) $ 3.46 4.35%

Pepe (PEPE) $ 0.00001 0.32%

WhiteBIT Coin (WBT) $ 27.43 0.12%

Aave (AAVE) $ 249.76 1.52%

Bittensor (TAO) $ 433.49 0.06%

Aptos (APT) $ 6.16 1.89%

Ondo (ONDO) $ 1.14 2.67%

internet-computer

Internet Computer (ICP) $ 7.16 0.52%

Dai (DAI) $ 0.999527 0.04%

Official Trump (TRUMP) $ 16.20 1.08%

Ethereum Classic (ETC) $ 20.85 1.90%

Mantle (MNT) $ 0.917396 1.63%

tokenize-xchange

Tokenize Xchange (TKX) $ 37.68 1.95%

OKB (OKB) $ 49.64 0.99%

gatechain-token

Gate (GT) $ 23.40 1.10%

sUSDS (SUSDS) $ 1.04 0.05%

coinbase-wrapped-btc

Coinbase Wrapped BTC (CBBTC) $ 96,124.75 0.35%