
Bitcoin crash
Wrapping up the bitcoin crash course:
“Overnight on one exchange (BitMex), Bitcoin crashed down to $8,900 due to a large number of sell orders totaling $55.5 million,” analysts at Bespoke Investment Group wrote in a note Tuesday. “For an asset class that is worth over $1 trillion, a $55 million sell order causing a crash of that magnitude certainly doesn’t suggest a lot of liquidity.” How low will bitcoin drop "However, inflation's direct impact on consumers, eroding their assets, may drive them to invest more in crypto to offset these effects. The prevailing narrative of bitcoin and other cryptocurrencies being 'immune' to inflation, along with increasing market interest and institutional involvement in crypto, could spur greater participation in the crypto markets."

Bitcoin is going to crash
Asset management } But it is exactly the self-reinforcing dynamic, and the lessening of regulations, that has Kelleher worried. Every time crypto has risen, it has fallen back down. Kelleher points out that during the last crypto crash, there was almost no contagion with the rest of the financial system, because regulators had kept the crypto industry at an arm's length. “What we’re going to be seeing over the next months and years is increasing interconnections with the core of the financial system,” he says. “So the question is, how broad will the connections be? And will the crypto crash bring down the financial system, just like derivatives brought down the financial system in 2008?”
Solana and Ethereum Rallying, Furrever Token Marks Presale Success with $10,000 Competition
Disclaimer: NerdWallet strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products, shopping products and services are presented without warranty. When evaluating offers, please review the financial institution’s Terms and Conditions. Pre-qualified offers are not binding. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly. New on Yahoo The recent Bitcoin crash has rocked the crypto market, igniting conversations about its root causes. Notably, the BTC price has nosedived by approximately 4% today, dropping to as low as $61,000 today. Notably, the drop has sparked speculations and leaving investors grappling with uncertainty amid the turbulent fluctuations.So, let’s look at the potential reasons that might have triggered the sell-off and contributed to the current state of the crypto landscape.
Bitcoin is going to crash
The Bitcoin halving, which occurs approximately every four years, is a key feature of the cryptocurrency’s design. During this event, the reward given to Bitcoin miners for verifying transactions is cut in half, effectively reducing the rate at which new Bitcoins are introduced into circulation. Bitcoin Could Correct To $60k Bitcoin is not innocuous. Transactions are processed by “miners” using massive amounts of computing power in return for rewards in the form of Bitcoin. By some estimates, the Bitcoin network consumes as much energy as entire countries like Argentina and Norway, not to mention the mountains of electronic waste from specialized machines used for such mining operations that burn out rapidly.