Crypto CRASH | Bitcoin, Ethereum, & Altcoins Crashing Due To THIS! | BUY NOW?

Crypto CRASH | Bitcoin, Ethereum, & Altcoins Crashing Due To THIS! | BUY NOW? In this video, we are going over why Crypto is crashing, when it could recover, and how to navigate through this current market! Enjoy!

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Intro 0:00
Crypto 1:15

There are hundreds of bad coins out there in the market, but there are a few coins out there are worth taking the risk and holding on to them for the long run, such as Ethereum, Cardano or Polygon Matic and Bitcoin. So be sure to watch the video “Crypto CRASH | Bitcoin, Ethereum, & Altcoins Crashing Due To THIS! | BUY NOW?” to find out which cryptocurrency you should invest in right now as well as to find out some price predictions for both ETH and ADA.

here’s all the FUD that we need to watch out for, First, we had inflation numbers.

Concerns about inflation were fanned on Tuesday when consumer prices rose by the most in a single month in 13 years, but bitcoin, which is frequently regarded as a hedge against a lower dollar, did not respond in kind.
At the beginning, US equities were down, while bitcoin was flat and then progressively fell throughout the morning and early afternoon. Following the release of the CPI statistics, the price of the world’s largest cryptocurrency by market capitalization fell by roughly 2%, trading below $33,000 for the most of the day.

The minutes of the Federal Open Market Committee’s June meeting indicated that policymakers were in favor of at least two rate rises by the end of 2023, assuming inflation does not rise over their objective of 2%. Since March 2023, the central bank has kept interest rates below 0.25 percent, reducing investor appetite for the dollar and increasing demand for so-called safe-haven assets like Bitcoin.

Second, We also have TikTok banning influencers from promoting crypto financial services and crypto products on its platform.

Third, According to statistics from crypto market data source CryptoCompare, trading volumes at the major exchanges, including Coinbase, Kraken, Binance, and Bitstamp, decreased by more than 40% in June, owing to lower prices and lower volatility.

According to the study, the price of bitcoin fell to a monthly low of $28,908 in June, and concluded the month down 6%. On June 22, the daily volume maximum was $138.2 billion, down 42.3 percent from the intra-month high in May.

Fourth, China halted cryptocurrency trading at the end of June as it prepared to create its own state-backed digital currency. This resulted in the closure of mining operations in a number of provinces that had previously housed 50 percent to 60 percent of all bitcoin mining capacity.

Lastly, This week, Federal Reserve head Jerome Powell spoke before Congress, and it’s apparent that he’s obviously not a fan of digital currencies, particularly stablecoins.

we have the EIP 1559 from Ethreum, will will be implemented in August. This is going to burn the fees paid for transactions, Which over time will make Ethereum a deflationary digital currency. So this is going to cause a decreasing supply, so not only are we going to have inflation rates go down and its going to help with the scarcity of EThereum moving forward.

Second, we have Cardano Smart contracts coming, this is the highly anticipated Cardano update that we all have been waiting for, and I just made a video on Cardano talking about that more in depth, so be sure to check that out! and not only that, but we have plenty of more catalysts for crypto coming our way, so be sure to watch the video ” Crypto CRASH | Bitcoin, Ethereum, & Altcoins Crashing Due To THIS! | BUY NOW?”

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Crypto CRASH | Bitcoin, Ethereum, & Altcoins Crashing Due To THIS! | BUY NOW?

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Kane Dane