The fall comes amid diminishing interest in cryptocurrency exchange-traded funds (ETFs), uncertainty over monetary policy and fears that bankrupt Tokyo crypto exchange Mt. Gox could spark a crash as it follows through on its promise to repay creditors.1 day ago
Why is crypto dropping so much today?
Investor uncertainty surrounding U.S. inflation and interest rates also weighs on crypto prices. Today’s crypto market decline is part of a correction that started on July 1 following recent remarks by Federal Reserve chair Jerome Powell that reduced possible rate cuts in 2024.5 days ago
Will crypto go back up in 2024?
But after a lengthy bear market, many of the major coins rebounded in the second half of 2023, so crypto investors are cautiously optimistic for 2024 and beyond.
