Why is crypto crashing today?

Experts largely believe the answer for Monday’s cryptocurrency pop lies scattered across 2022’s timeline. Declining macroeconomic conditions—including decreased market support from the Fed, higher interest rates and the ongoing Russia-Ukraine conflict—have all played their part in this year’s volatility.

Is the crypto collapse a good time for the stock market?

The crypto collapse coincides with a generally strong time for the stock market: The S&P 500 rose 0.6% Tuesday and is up 6% over the last month, compared to respective 6% and 1% losses for bitcoin and ethereum. $6 billion.

What happened to the cryptocurrency market?

The entire cryptocurrency market recently lost $200 billion in a single day. Over the last 24 hours, the price of the world's largest cryptocurrency, Bitcoin ( BTC 0.03%), traded down roughly 2.5% as of 12:57 p.m. ET. The price of Bitcoin is currently hovering below $30,000.

Why are 94 of the largest Cryptos down today?

Indeed, 94 of the largest 100 cryptos by market capitalization are down today as the crypto crash continues to make waves. So, what’s behind this massive crypto crash? Today’s drop is likely in response to uncertain market conditions, amplified by an upcoming Capitol Hill announcement.