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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) $ 67,110.98 0.30%
ethereum
Ethereum (ETH) $ 2,614.02 0.86%
tether
Tether (USDT) $ 0.999957 0.03%
bnb
BNB (BNB) $ 591.16 0.92%
solana
Solana (SOL) $ 166.01 0.01%
usd-coin
USDC (USDC) $ 1.00 0.06%
xrp
XRP (XRP) $ 0.532248 1.87%
staked-ether
Lido Staked Ether (STETH) $ 2,614.25 0.80%
dogecoin
Dogecoin (DOGE) $ 0.138014 4.67%
tron
TRON (TRX) $ 0.160466 1.71%
the-open-network
Toncoin (TON) $ 5.19 0.21%
cardano
Cardano (ADA) $ 0.36302 0.05%
avalanche-2
Avalanche (AVAX) $ 27.33 2.01%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,088.27 0.99%
shiba-inu
Shiba Inu (SHIB) $ 0.000018 2.30%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 66,984.95 0.41%
weth
WETH (WETH) $ 2,613.48 0.84%
chainlink
Chainlink (LINK) $ 11.79 0.31%
bitcoin-cash
Bitcoin Cash (BCH) $ 354.02 2.57%
polkadot
Polkadot (DOT) $ 4.28 2.28%
uniswap
Uniswap (UNI) $ 7.83 0.17%
dai
Dai (DAI) $ 1.00 0.07%
near
NEAR Protocol (NEAR) $ 4.64 2.76%
leo-token
LEO Token (LEO) $ 6.07 0.00%
aptos
Aptos (APT) $ 10.56 2.76%
sui
Sui (SUI) $ 1.93 3.89%
litecoin
Litecoin (LTC) $ 68.99 2.21%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,745.95 0.99%
pepe
Pepe (PEPE) $ 0.00001 2.27%
bittensor
Bittensor (TAO) $ 541.47 2.17%
internet-computer
Internet Computer (ICP) $ 7.90 1.22%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.34 3.28%
kaspa
Kaspa (KAS) $ 0.134277 2.14%
monero
Monero (XMR) $ 157.09 0.13%
stellar
Stellar (XLM) $ 0.095037 0.22%
ethereum-classic
Ethereum Classic (ETC) $ 18.92 2.19%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.364239 1.72%
blockstack
Stacks (STX) $ 1.80 1.00%
first-digital-usd
First Digital USD (FDUSD) $ 0.999587 0.44%
whitebit
WhiteBIT Coin (WBT) $ 18.14 1.71%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.04%
immutable-x
Immutable (IMX) $ 1.49 3.08%
okb
OKB (OKB) $ 40.09 0.05%
dogwifcoin
dogwifhat (WIF) $ 2.40 4.22%
arbitrum
Arbitrum (ARB) $ 0.574676 2.89%
aave
Aave (AAVE) $ 151.34 1.46%
filecoin
Filecoin (FIL) $ 3.77 2.51%
optimism
Optimism (OP) $ 1.70 1.56%
crypto-com-chain
Cronos (CRO) $ 0.076886 0.94%
mantle
Mantle (MNT) $ 0.605368 0.24%