Will Top Altcoins Like Avantis, Ethereum, XRP Rebound?
A crypto crash has plummeted in the past few days, erasing billions of dollars in value, with Bitcoin and top altcoins like Avantis (AVNT), Ethereum (ETH), and Ripple (XRP) plunging. This article explores why the crypto market crashed and whether these coins will rebound.
Why the Crypto Crash is Happening
There are at least three main reasons why the crypto market crash is happening. First, the plunge happened because of forced liquidations of leveraged cryptocurrencies worth over $1.8 billion in the last 24 hours. The liquidations was up by over 800% from a day earlier.
Second, the crypto market plunged as profit-taking among investors accelerated after the Federal Reserve interest rate decision…
