Top reasons Bitcoin, altcoins are down
A crypto crash is underway today, Dec. 23, with Bitcoin and most altcoins being in the red, and the market capitalization of all coins falling by 2.45% to $2.95 trillion.
Summary
- A crypto crash is happening, with Bitcoin and most altcoins falling.
- The decline happened after the strong US GDP data.
- It also happened as Bitcoin and Ethereum formed bearish patterns.
Bitcoin (BTC) declined by 2.1% to $87,300, while Solana, Cardano, Chainlink, and Zcash dropped by over 3%. Most of these coins remained in a bear market.
The crypto crash is happening because…
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