Here’s why Bitcoin, Jasmy, Pepe, Dogecoin, and crypto prices are crashing
Cryptocurrency prices plunged on Tuesday, extending a downtrend that began in November last year.
Bitcoin (BTC) fell below the critical support level of $89,220, reaching an intraday low of around $86,000.
Altcoins fared even worse, with Jasmy Coin (JASMY) dropping to $0.01683, its lowest level since Nov. 5, and 72% below its 2024 highs. Pepe (PEPE) and Dogecoin (DOGE) also declined by over 8%, while the combined market capitalization of all meme coins tracked by CoinGecko fell below $60 billion.
Three key catalysts behind the crypto crash
There are three potential catalysts for the ongoing crypto crash.
First, the market reacted negatively to former President Donald Trump’s commitment to imposing tariffs…
