Why are crypto prices selling off

why are crypto prices selling off

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Illustrative image of two commemorative. Crypto assets were hammered on crypto exchange, halted bitcoin withdrawals for over three hours "due sellimg also sharply lower withdrawals briefly.

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Why are crypto prices selling off Offers may be subject to change without notice. Home U. Nikhilesh De. TIME Logo. You May Also Like.
Why are crypto prices selling off Crypto assets were hammered on Monday after crypto lending platform Celsius paused withdrawals, speaking fears of a solvency issue at the company which could spread to other parts of the market. Krisztian Sandor. You May Also Like. But lately, investors have been wary that change is in the air, as inflation led the Federal Reserve and other central banks to raise interest rates. If prices start to drop, whether due to big investors selling off their shares or other reasons, a lack of actual cash flow can contribute to even faster free-falls.
Crypto currency investing books Futurum CEO names 3 he's bullish on for Home U. Head to consensus. But the sell-off accelerated to new speeds this week, when, on Tuesday, Coinbase reported first-quarter earnings. Edited by Aoyon Ashraf. Hong Kong time. BY Declan Harty.
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Binance Coin, the exchange's native token, fell % to $, according to CoinDesk data. Crypto stocks also retreated. Shares of Coinbase. Crypto investors are on a selling spree. Here's a guide on why However, the crypto prices are still low as compared to their all-time highs. Strong U.S. dollar triggers selling pressure in crypto. Trading volumes across the crypto market have taken a hit due to a number of factors.
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Bitcoin has historically seen gains around the Chinese New Year period. Skip to Main Content. While cryptocurrency prices have plummeted along with other risky assets, many commodities spiked higher in early , including oil, but many of those moves proved short-lived.