Why is crypto down

Travis Hoium has positions in Ethereum. The Motley Fool has positions in and recommends Bitcoin and Ethereum. The Motley Fool has a disclosure policy. Crypto down The Fed's scaling back of its rate cut forecast and the high operational costs faced by Bitcoin miners post-halving have also been contributing factors to the overall downward pressure. Additionally, historical trends suggest that Bitcoin may be experiencing a period of seasonal selling activity.

Data from Coinglass shows us that both tokens have seen more inflows than outflows in the past twenty-four hours. Also, liquidations are relatively low. BTC and ETH Feel the Heat Mohamed A. El-Erian, from Queens’ College, Cambridge University, Allianz, and Gramercy, remarked on the situation: “US government bond yields jumped today in reaction to yet another (slightly) hotter-than-expected inflation print (this time PPI).” This suggests a growing awareness of the challenges that persistent inflation poses to achieving the Fed’s 2% inflation target. #3 Negative Coinbase Premium / Quiet Bitcoin ETF Day

The first half of 2016 continued the same, with relatively muted volatility and price consolidation. But by the end of May, the price was picking up and by mid-June, Bitcoin was hitting $700. It didn’t last, though, and Bitcoin was back in the $600s until November 2016. It peaked back over $700 and then quickly $800 and $900. As the year ended, Bitcoin was flirting with $1,000, a level it broke through in early 2017, a watershed year for Bitcoin when it came to national awareness. Best Crypto Staking Platforms Of July 2024 Coinbase, the biggest publicly traded crypto exchange, declined 3% during the day, trading at $230 at the time of writing. The drop in the price is linked to the sharp decline in the price of Bitcoin.

The resurgence of regulatory issues has sparked concerns among investors. The Securities and Exchange Commission (SEC) has issued a stern notice to Robinhood for allegedly violating securities laws. In response, Robinhood has ceased support for certain cryptocurrencies deemed securities by the SEC, echoing past regulatory challenges. The Market’s Mood: Perception and Sentiment Data from TradingView tells us that this is where fear and optimism collide, where traders hover between hope for a breakout and dread of further decline.