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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) $ 104,641.04 2.48%
ethereum
Ethereum (ETH) $ 3,879.72 2.19%
tether
Tether (USDT) $ 1.00 0.19%
xrp
XRP (XRP) $ 2.47 6.35%
bnb
BNB (BNB) $ 714.92 1.67%
solana
Solana (SOL) $ 215.81 4.48%
dogecoin
Dogecoin (DOGE) $ 0.384969 4.16%
usd-coin
USDC (USDC) $ 1.00 0.15%
staked-ether
Lido Staked Ether (STETH) $ 3,876.69 2.29%
cardano
Cardano (ADA) $ 1.03 5.73%
tron
TRON (TRX) $ 0.273533 4.78%
avalanche-2
Avalanche (AVAX) $ 46.39 6.32%
chainlink
Chainlink (LINK) $ 27.45 2.32%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,601.00 2.00%
shiba-inu
Shiba Inu (SHIB) $ 0.000026 5.34%
the-open-network
Toncoin (TON) $ 5.70 5.05%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 104,280.94 2.35%
sui
Sui (SUI) $ 4.66 0.06%
stellar
Stellar (XLM) $ 0.425685 4.63%
polkadot
Polkadot (DOT) $ 8.24 5.99%
hedera-hashgraph
Hedera (HBAR) $ 0.298497 1.88%
weth
WETH (WETH) $ 3,875.80 2.35%
bitcoin-cash
Bitcoin Cash (BCH) $ 519.90 4.07%
uniswap
Uniswap (UNI) $ 15.62 4.09%
leo-token
LEO Token (LEO) $ 9.66 0.56%
pepe
Pepe (PEPE) $ 0.000021 7.51%
litecoin
Litecoin (LTC) $ 115.66 8.56%
hyperliquid
Hyperliquid (HYPE) $ 24.76 9.31%
near
NEAR Protocol (NEAR) $ 6.16 9.44%
wrapped-eeth
Wrapped eETH (WEETH) $ 4,092.13 2.33%
aptos
Aptos (APT) $ 12.83 4.09%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.05%
bitget-token
Bitget Token (BGB) $ 4.22 10.70%
internet-computer
Internet Computer (ICP) $ 11.96 4.25%
aave
Aave (AAVE) $ 368.09 0.77%
usds
USDS (USDS) $ 1.00 0.00%
crypto-com-chain
Cronos (CRO) $ 0.187025 5.38%
ethereum-classic
Ethereum Classic (ETC) $ 31.58 5.76%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.548567 6.56%
vechain
VeChain (VET) $ 0.054436 7.23%
render-token
Render (RENDER) $ 8.38 5.43%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.58 3.92%
monero
Monero (XMR) $ 222.24 1.55%
mantle
Mantle (MNT) $ 1.17 4.03%
arbitrum
Arbitrum (ARB) $ 0.937077 4.63%
bittensor
Bittensor (TAO) $ 527.52 1.69%
mantra-dao
MANTRA (OM) $ 4.08 1.75%
filecoin
Filecoin (FIL) $ 6.09 7.18%
whitebit
WhiteBIT Coin (WBT) $ 25.07 1.41%
kaspa
Kaspa (KAS) $ 0.137544 4.06%