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.

What happened to cryptocurrency in May?

The cryptocurrency world has had a rough May so far. Since the start of the month, cryptocurrency has lost $600 billion of value. Bitcoin dropped to prices that haven't been seen since 2020, briefly dipping as low as $26,000 — though prices are currently sitting at around $30,000 as of today.

Is cryptocurrency having a bad week?

Cryptocurrency is having a terrible week. And it’s only Wednesday. Still, long-term investors are shrugging off the extreme drops in the a value of digital coins and the breakdown of the exchanges that make them available to investors. Bitcoin, the world’s most valuable cryptocurrency, dropped to near $21,000 Wednesday.

Is the crypto industry a'massive blowup risk'?

The newfangled crypto bank Celsius Network was a “massive blowup risk,” he said. When those crypto projects collapsed a few weeks later, causing a crash that has wiped out about $1 trillion in value, Mr. Klippsten became a fixture on news shows, where he cast the industry as a morass of hucksters and hypocrites.