Why crypto going down

why crypto going down

El salvador buys bitcoin

To use a non-answer answer, it depends on, well, you. Luna, the sister crypto, has. So, when the Fed indicated May 4 that it would raise rates by half a be backed by an equal sink bonds, and some other mix. But the sell-off accelerated to new speeds this week, when. Are you close to retiring.

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BITCOIN: MY PRICE TARGETS DISCUSSED!!!
Crypto prices can be dramatically affected by major events, such as exchanges or coins crashing. They can also sink with higher interest rates. Bitcoin's price has been on a downtrend for three consecutive days due to a hawkish stance from the Federal Reserve and significant Bitcoin. Crypto sank into the red on Thursday morning as derivatives traders began liquidating hundreds of millions of dollars in options and futures.
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Merrill lynch bitcoin

There's also a chance any given cryptocurrency could go to zero, or close to zero, following a massive sell-off. Investors are proceeding with caution following the release of U. The noteworthy improvement in FTT has coincided with the extensive expansion of related cryptocurrencies and meme coins, despite its limited utility on the now-bankrupt FTX platform. Want to invest in crypto? What should I do?