Is a crypto market crash on the horizon?

Another reason why a crypto market crash may be on the horizon is that North American investors are pulling their money out of the market at an alarming pace. There was a $47 million outflow from the market last week, according to data from CoinShares, with more than 98% of the liquidations coming from the North American market.

Is bitcoin in a crash?

When assets rise very quickly in price and surge to a record high, typically this makes a crash much more likely – or at least a correction, which is when the price falls back down to a more “normal” level. This appears to be the situation that bitcoin is in right now. It took the cryptocurrency: A decisive year for crypto investors was 2013.

How has the FTX collapse impacted the cryptocurrency market?

This has spilled over into the cryptocurrency market. The slump in November 2022 was triggered by the collapse of FTX, which handled around $1 billion transactions each day. Its collapse is having a knock-on effect on other crypto exchanges. In June 2022 bitcoin dropped below $20,000 for the first time since 2020.

How do I protect myself from the next crypto crash?

Four ways to protect yourself against the next crypto crash. Severe price crashes are a normal part of crypto investing, so it's important to be ready. Only invest money you can afford to lose and make sure your emergency fund is topped up before you get into crypto.