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?

Crypto crashCrypto crash
Crypto crash chart

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…

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