Why is Crypto Falling?
Most of the top-performing crypto coins have turned red and are witnessing double-digit losses. The crypto investors are on a major selling spree and sitting on tight positions, meaning a dip all around.
Crypto
Bitcoin Up By Over 30% in 7 Days Amid Increased Pressure on the Banking System
Bitcoin value has gone up by over 30%, as of this writing, despite increasing pressure on the fractional reserve banking system brought on by rising interest rates that have seen several high profile banks collapse.
More than $70 billion wiped off crypto market in 24 hours as bitcoin drops below $20,000
Bitcoin fell below $20,000 on Friday hitting a near-two month low after a stock market sell-off in the U.S. Another factor weighing on crypto prices is the collapse of Silvergate Capital, a major lender to the crytpo industry.
Bitcoin struggles around $23,000 level as new-year rally loses steam
The price of bitcoin dipped below $23,000 over the weekend as investors digested the latest U.S. employment numbers and looked toward a batch of Federal Reserve member speeches.
What does 2023 have in store for crypto? Here's what experts have to say
As we get closer to welcoming 2023, there is a sense of anxiety amid the crypto community about what's in store for various stakeholders. Will the crypto bellwether, Bitcoin, be able to survive this barrage of brickbats?