The Tell Why China crypto crackdown sparked a bitcoin crash — and could feed a backlash Last Updated: May 19, 2021 at 5:33 p.m. The cryptocurrency crash doesn't have much of a direct impact on the stock market. Share to. Price corrections like these happen every few months. The crypto crash of 2021 continues and it has investors on social media advising others to buy the dip while sharing memes about it. There are many other factors that caused this crash but Elon Musk's comments on Bitcoin triggered it. What Caused the Crypto Market Crash? Share. Polygon (MATIC) Resists Crypto Market Crash After Rising 450% in a Month. It should, however, be noted that the crypto market crash is a common phenomenon and the crypto markets are highly volatile. As Bitcoinist reported earlier today, the weekend was savage for cryptocurrency.The total crypto market cap dumped more than $15 billion in 24 hours, falling well below the $300 billion level we were so excited about last week. The cryptocurrency market crashed Wednesday, with the market cap losing nearly $1 trillion. “So I think ultimately Comp is another nice DeFi project… 164% target against Bitcoin.” Litecoin is the fifth altcoin that Blunts predicts will outperform Bitcoin and other leading cryptocurrencies by market cap. Crypto market crash removes 20% from market in hours . ET First Published: May 19, 2021 at 4:09 p.m. Market prophet Gary Shilling predicts stocks and cryptocurrencies will crash, blasts the Fed, and warns against speculating in a new interview. 2021.05.20 Adam James. A crash of rare proportions has rocked the cryptocurrency market today, with many altcoins temporarily seeing losses greater than 40%. ET The crypto market is in the midst of one of the biggest crashes in its history, with experts divided over which way it will go from here.. The Crypto market sees the biggest bloodbath of 2021 as all major cryptocurrencies drop massively. Bitcoin, after struggling over the last week in the face of regulatory pressure and environmental concerns, has crashed under $40,000 per bitcoin. Here are the 10 best quotes. Francisco Memoria; 19 May 2021 / In #Polygon; The price of Polygon (MATIC) has at press time dropped by around 2.4%, after hitting a new all-time high above $2.5, in a day in which the broader cryptocurrency market is crashing … The cryptocurrency analyst expects COMP to rally by over 160% against the flagship crypto asset. Popular cryptocurrencies Bitcoin and Ethereum “posted their largest one-day drop since March last year,” according to Reuters, “with losses in the market capitalization for the entire cryptocurrency sector approaching $1 … The leading cryptocurrency fell as low as $31,000 for the first time this year before gaining a couple of thousands at the time of writing. The second-largest cryptocurrency Ethereum also lost as much as 40% during the biggest market crash … Theron Mohamed
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