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Why crypto market is down today reddit

My journey in the crypto world began back in August 2021. As most of you know that was pretty much the peak of the bull run.

What is the best Bitcoin news site?

Top 100 Cryptocurrency News Websites
  • Cryptocurrency News Websites. Cointelegraph. CoinDesk. NEWSBTC. Bitcoin.com. U.Today. CryptoSlate. Bitcoin Magazine. 99Bitcoins. Coinpedia. Yahoo Finance Cryptocurrency & Bitcoin News. CryptoMufasa. Digital Exchange Xpress. Daily Coin Post.
  • Cryptocurrency Journalists.
  • Cryptocurrency News Newsletter.

Which website do you often get your crypto news from?

CoinDesk CoinDesk is one of the most popular resources among users providing news about the world of cryptocurrencies and DeFi. The portal offers content in various formats such as videos, podcasts, blogs, television, and newsletters.

Will BTC go back up?

Our most recent Bitcoin price forecast indicates that its value will increase by 2.6% and reach $44,686 by December 23, 2023. Our technical indicators signal about the Bullish Bullish 93% market sentiment on Bitcoin, while the Fear & Greed Index is displaying a score of 70 (Greed).

Why is Bitcoin going up?

Bitcoin trading volume and transactions spike Bitcoin's dominance may have been fueled by the unexpected rise in inscriptions. The spike in transactions and increased exchange trading volume highlights renewed bullish optimism.

Where can I read Web3 news?

The Crunchbase Web3 Tracker. Follow Web3 news and funding trends with our daily updated dashboard on startups and investment in the Web3, crypto and blockchain sectors, based on Crunchbase's comprehensive data.

Why is the crypto market going up right now?

Cryptocurrencies extended gains on Tuesday, with bitcoin rallying to an almost 18-month high thanks to speculation that official approval for a bitcoin exchange-traded fund is imminent.

Frequently Asked Questions

What makes a crypto coin go up?

Supply and Demand The value of cryptocurrencies depends on their demand and whether the supply can meet the demand, much like any other goods people trade. Generally speaking, if the demand outpaces the supply, the value increases. Most cryptocurrencies implement mechanisms to limit supply and prevent inflation.

Where can I find reliable crypto news?

The 12 best crypto news outlets
  • CoinDesk. CoinDesk is one of the largest and most popular crypto media outlets in the world.
  • UToday. U.
  • Decrypt. Decrypt was founded in 2018 and is considered one of the most trustworthy sources of cryptocurrency news.
  • Bankless.
  • BeInCrypto.
  • The Block.
  • Bitcoin Magazine.
  • Blockworks.

Where can I get live crypto news?

CoinDesk TV | Live Crypto Video News | CoinDesk.

Why crypto coins are going down?

In 2021 the price soared by more than 700% in 12 months to a record high of $69,000 in November. It certainly seemed like bitcoin's bubble had burst as investors have lost confidence in the crypto sector. It is uncertainty over the future of bitcoin which caused prices to crash in 2022.

Is it smart to invest in Bitcoin?

But deciding if Bitcoin has a place in your portfolio requires looking beyond today's headlines. Bitcoin is a risky investment with high volatility, and should only be considered if you have a high risk tolerance, are in a strong financial position already and can afford to lose any money you invest in it.

FAQ

How to start buying Bitcoin?
If you're looking to buy Bitcoin, a good place to start is with a trading app like eToro or through a crypto exchange like Coinbase or Gemini. Bear in mind when you're purchasing Bitcoin that trading fees and other factors, such as storage, apply.
Will crypto ever go back up?
“Although it's certainly not a guarantee, historical data shows that BTC prices are likely to go up, later followed by ETH and various altcoins.” Bitcoin has a history of volatile trading, but the cryptocurrency tends to go on multiyear winning streaks following severe downturns like it experienced in 2022.
Why did Bitcoin just plummet?
Bitcoin's price decline today coincides with the liquidations of $87 million worth of long positions in the BTC derivatives market. In comparison, only $9.91 million worth of short positions have faced liquidations.
Why Bitcoin price is going down?
A worsening macroeconomic climate and the collapse of industry giants such as FTX and Terra have weighed on bitcoin's price this year. Bitcoin fell Monday as investors took profits after its December rally.
Is now a good time to invest in Bitcoin?
Since the start of 2023, the market has been recovering. One bitcoin is now worth around $30,000 as confidence has started to return to the market. While it's still a long way from the all-time high of $69,000 seen in November 2021, many crypto investors are hoping that 2023 will be kinder to them.

Why crypto market is down today reddit

Should I keep my crypto or sell? It's taxed as long-term gains if you held the crypto for more than 365 days. Long-term capital gains have lower tax rates than short-term gains, which are taxed as ordinary income. If you're close to the year mark, consider waiting to sell your crypto until after it passes that long-term gains threshold.
Why is crypto on the way up? Crypto Market Perception In other words, if you're asking yourself, “Why is crypto going up,” it is because an increasing number of people have a positive market perception of it. A famous example occurred in November 2021, after the launch of the first Bitcoin exchange-traded fund.
Why does the price of Cryptocurrency go up? According to economic theory, the price of an asset is an intersection of supply and demand. When demand grows faster than supply, the price of cryptocurrency rises.
Will crypto rise again in 2023? Our real-time BTC to USD price update shows the current Bitcoin price as $43,564.1 USD. Our most recent Bitcoin price forecast indicates that its value will increase by 2.05% and reach $44,799 by December 24, 2023.
  • Why did Bitcoin suddenly drop?
    • Bitcoin dropped in price on Monday morning as traders became increasingly concerned that the Fed may not cut interest rates in 2024 after all. For weeks, traders have been speculating that the rate hike cycle of the past couple of years may be at an end.
  • Why Bitcoin is falling down?
    • Bitcoin's price decline today coincides with the liquidations of $87 million worth of long positions in the BTC derivatives market. In comparison, only $9.91 million worth of short positions have faced liquidations.
  • Why is crypto crashing 2023?
    • Crypto prices can be dramatically affected by major events, such as exchanges or coins crashing. They can also sink with higher interest rates, rising inflation and other macroeconomic factors that can affect how confident people feel investing their money in risky alternative assets.
  • Why crypto market is down today reddit
    • R/CryptoCurrency: The leading community for cryptocurrency news, discussion, and analysis.