
Crypto market crash today
I’m worried about keeping my crypto with an exchange. What should I do?
Bitcoin (BTC): Over the past 24 hours, the price of Bitcoin dropped by 6.16%. The current Bitcoin price stands at $18,480. Over the past 7 days, the price of Bitcoin has gone down by around 10%. The current Bitcoin market cap stands at around $350.48 billion. Bitcoin going down For newcomers, a crypto winter might feel like the bubble has burst, but the truth is it is not. The blockchain industry has already experienced crypto winters in the past but has been resilient. Although the space is about to undergo its first recession, the maturity showcased across multiple verticals has the crypto space in a good position to resist a prolonged bear market.
Is crypto down
Ether sold off sharply following the news, falling around 3.2%. Ripple's XRP slipped 3.8% in the past day, Cardano's ADA sank 4.1%, and Polygon's MATIC plunged 8.7%. Binance's BNB fell below $300, down 6%. Should you invest in bitcoin and other cryptocurrencies? “The crypto market has been under pressure from the Federal Reserve, hiking the interest rates to combat inflation over the past few months. Bitcoin, Ethereum, and most cryptocurrencies suffered losses over the weekend after a broad sell-off following the data showing US inflation hitting a 40-year high,” said Edul Patel Co-Founder and CEO of crypto investment platform www.bitcoins4cards.com.
What are the risks of buying crypto?
Where next for cryptocurrency after FTX Collapse? 2. Kraken discontinues staking service Narayanan believes, however, that eventually regulations should help stabilize crypto prices. He says this is because regulations could allow for more institutional investment, with retail investors injecting more capital into digital assets. Massive inflows of capital could cause the prices of regulated cryptos to stabilize, attracting retail investors who haven't taken the asset class seriously yet. This would further drive value and stability.