Why Did Crypto Crash? Time to Sell or Buy the Dip?
Cryptocurrency prices crashed on Thursday, a few days after Bitcoin surged to a record high of over $108,000. Bitcoin has now retreated below $97,000, while the crypto fear and greed has moved from an extreme greed level to almost neutral. Also, the market cap of all cryptocurrencies has crashed to $3.45 trillion. So, why did crypto crash, and is it time to buy the dip?
Why did crypto crash?
There are three main reasons why the crypto crash happened. First, the sell-off accelerated after the Federal Reserve delivered a highly hawkish decision on Wednesday. While the bank slashed interest rates by 0.25%, it also hinted that it will deliver just two cuts in 2025.
The…
