Is crypto crashing again?

Stock Market: “Wow it’s been a crazy volatile year for us!” Crypto: “Hold my beer.” Yes that’s right crypto is crashing again. And not crashing after having recovered, crashing from around the bottom of the previous crash. Bitcoin has hit its lowest price in nearly two years as the fallout from the FTX situation sends rumbles throughout the sector.

Will FTX collapse cause a drop in crypto prices?

Expect changes to happen regularly, but you can follow us here to stay up to date with all the latest news in crypto. This current drop in prices is happening as a direct result of the apparent collapse of one of the worlds largest crypto exchanges FTX.

How many bitcoin flash crashes in 2021?

Over the course of 2021, bitcoin's price experienced no less than six flash crashes. A cryptocurrency “flash crash” is a market event in which many holders of a particular crypto asset suddenly decide to sell, overwhelming buyers and forcing the price to fall sharply within a very short time period.

What causes cryptocurrencies to crash?

An abrupt drop in price can generate panic, with traders escaping to cryptocurrencies with more stable value or fiat. Flash crashes can occur beyond the immediate control of human beings. They may be produced by algorithmic trading programs, triggering one another to sell in a feedback loop.