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Cryptocurrency news for friday includes the market taking a beating today and it all has to do with some of the top cryptos falling.
The crypto market did in fact crash, and it did so hard. Here are 3 major reasons for why the crypto market has been in it's recent slump, despite the hype surrounding bitcoin's upcoming halving. Why is crypto down today? The market has plummeted after china announced a further crackdown on cryptocurrencies. The cryptocurrency market has experienced an unprecedented profitable bull over the past year. As a result, the whole crypto market tumbled downward. Why crypto market is down or crashing: This year will be the year of the rat. For example, if the digital currency market drops by 20% on a sunday, those eager to sell may be stuck with their crypto etfs until the markets open again on monday. Furthermore, ethereum went down by 25%, its current market price is $2,333 approx. The entire cryptocurrency market fell more than 12%, and the market capitalization fell below the usd 2 trillion marks. Bitcoin, ethereum and other altcoin all together crypto market is crashed with series of fud news that surrounded. Bitcoin reached peak price in april, reaching $64,000 in price.
