Futures liquidations send the crypto market lower The decline across major cryptocurrencies has led to a rush of liquidations across the derivative market. Bullish traders were caught off guard, leading to a quick spat of long liquidations.
Why have alt coins dropped?
Why are the crypto prices down?
Crypto is a volatile asset in general, prone to significant price swings. Some crypto crashes are because of systemic issues within crypto, such as the collapse of FTX in 2022. Other times, macroeconomic factors such as interest rates and inflation can push values down.
Why crypto coins are going down?
This is the nature of the crypto market which is highly volatile and unpredictable. The cryptocurrencies were showing a sign of stability last month but due to the U.S. inflation and its impact on liquidity. The U.S. Federal Reserve's stance on interest rate hikes has moved the crypto market upside down.
Will crypto go back up?
Why the recent drop in altcoin proces
5 days ago — Solana (SOL) and Avalanche (AVAX) price lead among large-cap altcoins on Dec. 21 as Bitcoin (BTC) price hovers near $44,000. The steady bullish