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Why is the crypto market down today?

2022.09.23 15:52


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?

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bitcoin
Bitcoin (BTC) $ 104,847.09 1.30%
ethereum
Ethereum (ETH) $ 3,325.42 1.75%
xrp
XRP (XRP) $ 3.23 0.24%
tether
Tether (USDT) $ 0.999102 0.10%
solana
Solana (SOL) $ 257.37 14.01%
bnb
BNB (BNB) $ 708.46 0.15%
dogecoin
Dogecoin (DOGE) $ 0.399729 2.60%
usd-coin
USDC (USDC) $ 1.00 0.00%
cardano
Cardano (ADA) $ 1.08 1.87%
staked-ether
Lido Staked Ether (STETH) $ 3,326.32 1.37%
tron
TRON (TRX) $ 0.245059 1.60%
avalanche-2
Avalanche (AVAX) $ 39.34 3.52%
chainlink
Chainlink (LINK) $ 23.76 3.34%
stellar
Stellar (XLM) $ 0.48262 1.43%
sui
Sui (SUI) $ 4.85 0.97%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 104,510.00 1.22%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,932.23 2.92%
hedera-hashgraph
Hedera (HBAR) $ 0.353317 5.53%
shiba-inu
Shiba Inu (SHIB) $ 0.000023 5.12%
the-open-network
Toncoin (TON) $ 5.26 4.08%
polkadot
Polkadot (DOT) $ 7.02 3.69%
weth
WETH (WETH) $ 3,327.48 1.67%
litecoin
Litecoin (LTC) $ 123.43 4.68%
bitcoin-cash
Bitcoin Cash (BCH) $ 461.94 3.54%
leo-token
LEO Token (LEO) $ 9.53 2.32%
uniswap
Uniswap (UNI) $ 14.14 2.55%
bitget-token
Bitget Token (BGB) $ 6.79 3.88%
pepe
Pepe (PEPE) $ 0.000019 5.71%
hyperliquid
Hyperliquid (HYPE) $ 20.82 6.28%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,516.61 1.61%
official-trump
Official Trump (TRUMP) $ 33.55 421.19%
near
NEAR Protocol (NEAR) $ 5.42 3.42%
usds
USDS (USDS) $ 0.999298 0.02%
ethena-usde
Ethena USDe (USDE) $ 0.999067 0.10%
aptos
Aptos (APT) $ 9.33 1.87%
internet-computer
Internet Computer (ICP) $ 10.52 4.16%
aave
Aave (AAVE) $ 315.57 2.95%
vechain
VeChain (VET) $ 0.052849 1.61%
ondo-finance
Ondo (ONDO) $ 1.35 4.02%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.482707 2.59%
monero
Monero (XMR) $ 220.50 0.34%
ethereum-classic
Ethereum Classic (ETC) $ 26.80 2.37%
render-token
Render (RENDER) $ 7.44 4.20%
bittensor
Bittensor (TAO) $ 453.35 3.40%
crypto-com-chain
Cronos (CRO) $ 0.13524 5.22%
algorand
Algorand (ALGO) $ 0.437942 4.59%
mantra-dao
MANTRA (OM) $ 3.80 1.40%
mantle
Mantle (MNT) $ 1.06 3.42%
dai
Dai (DAI) $ 1.00 0.00%
okb
OKB (OKB) $ 58.35 3.21%