Why Is Crypto Down? 3 Factors Behind Crypto’s Recent Slump
Crypto prices have plummeted in recent weeks after a period of solid momentum, with Bitcoin dropping nearly 12 percent in the last week and Ethereum falling 16 percent, sending many investors reeling and shaking previous optimism.
In the last month, Bitcoin is down 18.5 percent. Ethereum, the second most popular coin, has seen a similar turn, dropping about 28 percent. (The theft of $1.5 billion in Ethereum from Bybit, a major crypto exchange, by hackers isn’t helping either.)
But what exactly caused prices to fall?
3 reasons crypto prices are falling
Crypto prices have broadly been on the rise the last few years, fueled most recently by President Donald Trump’s re-election and his administration’s…
