Why Is The Cryptocurrency Crashing

Why Is The Cryptocurrency Crashing. To elaborate upon why is the crypto market crashing as a whole when a single major digital currency suffers a price why is crypto crashing now: Cryptocurrency » why is crypto crashing:

Bitcoin Crash 2021 What You Need To Know Cryptocurrency Btc Usd Seeking Alpha
Bitcoin Crash 2021 What You Need To Know Cryptocurrency Btc Usd Seeking Alpha from static.seekingalpha.com
23rd june 2021 by sean lapointe | 3 min read. Financial crashes are unusual events. On may 12, elon musk tweeted that tesla has suspended the sale of bitcoin. Market analysts have called the cryptocurrency's collapse a price correction, though the reason for such a massive adjustment is not immediately clear. Other cryptocurrencies are not doing well either:

Just today, the crypto market took a hit and lost around $30 billion, which is roughly the size of estonia's economy.

Musk announced on twitter (nyse:twtr) that tesla is no longer accepting bitcoin for payments. To understand that, we have to understand how we got here first. Financial crashes are unusual events. The cryptocurrency market has had a whirlwind of a year so far. So why is a crypto crash taking place today? Bitcoin, ripple and ethereum have led the crypto market's decline the government will explore use of blockchain technology proactively for ushering in digital economy.

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