3 wildest theories explaining $500B crypto market crash
Crypto proponents point their finger to the Fed interest rate hike, Wall Street and Russia as the prominent reason behind $500 billion crypto market wipe off. The crypto market lost over $500 billion in combined market capitalization earlier Friday. The market bloodbath led to over $700 million in liquidation as top crypto assets bled heavily. Bitcoin (BTC) fell below the critical support level of $40K while Ether (ETH) also lost $3K support.At a time when crypto proponents are debating whether the crypto market has entered a bear phase, many wild theories flooded the internet to make....
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While the flames of the FTX crash burn the crypto market, people are coming up with different claims explaining why the crypto exchange’s demise. In a market driven by claims, rumors, and speculations, such reports could engineer a further crash. But, on the other hand, it may also shed light on the ongoing investigation. The […]
With so much FUD floating the Bitcoin and crypto market, many have wonder if the recent price action was the result of a “coordinated attack”. Writer Rob O’Neill believes there are 4 potential main theories that could possibly explain recent events with institutions and “the ultra-rich” as the main catalyzers. O’Neill claims these entities feel […]
What caused Bitcoin's latest price crash? Theories are flying everywhere, but Cointelegraph's market experts have arrived to get to the bottom of it. Tune in now! “The Market Report” with Cointelegraph is live right now! Tune in to watch Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Yashu Gola. Today’s menu: the dramatic Bitcoin (BTC) price flash crash to $43,000 on Tuesday.What caused the crash? Was it market manipulation, leverage liquidations, El Salvador’s Bitcoin Law, the SEC going after Coinbase — or a combination of these factors?....
Asset exchange marketplace BitFunder today announced they are ceasing operations in the next month or so due to unmentioned reasons. In a quoted statement posted on Reddit, the following explanation is mostly what we have to work with: "I will be making a detailed post explaining more later on. I know this will be hard for some of you, but please try to hold off on the conspiracy theories until then. Thank You, Ukyo". The shut down may or may not have something to do with the SEC dropping the hammer on BitFunder, but until we get an official explanation, consider our hands in the air - and....