Why Crypto Market Is Down Today May 10 2021

The first sell-off was related to a normal price adjustment as the crypto market went way high for an extended period of time and it was normal for a correction. In the past few months cryptocurrency prices came down from their highs after US President Joe Biden signaled plans to increase capital gains taxes which lead to some investors selling off their holdings.

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BlockFi official website is down.

Why crypto market is down today may 10 2021. On the morning of 10 May 2021 you could use a single bitcoin. The recent slide is a reversal from the dramatic rise that started in the. Bitcoin rival ETHER pushes market value toward HALF-A-TRILLION dollars as crypto rockets past 4000.

A Bitcoin move through to 59500 levels would support the broader crypto market. The flagship cryptocurrency fell to more than three-month lows on Wednesday dropping to about 30000 at one point. Tether USDT has overtaken the third rank by market cap after Binance Coin BNB and XRP shed billions of.

Today one bitcoin is valued at 56000. Crypto Market Forecast. This will definitely create fear and more people will be pressured to liquidate their holdings asap.

Its soared in 2021 but since came back down and is currently worth around 2690 as of May 30. BTC-USD is falling more than 9 today. The entire cryptocurrency market fell more than 12 and the market capitalization fell below the USD 2 trillion marks.

As Im writing Bitcoin is down 92 in the last 24 hours Ethereum is down 98 and Dogecoin is down 74. Other cryptocurrencies such as. Relative to the broader market Bitcoin Cash SV was down by a more modest 690.

Through the course of the morning the crypto total market tumbled from. A curated weekly summary of forward-focused crypto news that matters. The worlds second-biggest digital asset ethereum has reached a new all-time high after crossing a psychologically significant threshold of 4000 per coin for the first time ever.

The cryptocurrency market cap is at 174 trillion today still trending sideways after recovering from a massive market rout on May 19. May 17 2021 915AM EDT Crypto is down today and InvestorPlace is looking into why the digital assets are taking a beating. The Crypto Daily Movers and Shakers May 10th 2021.

Nearly every cryptocurrency in the top-10 is still down when looking at the past 24 hours. Why did the second sell-off wave happen and why are cryptos down. Comparing Bitcoins current 2020-2021 chart with the bull run of 2010-2013 shows significant parallels with a hint of more upside to come.

Buy Chainlink on major crypto exchanges such as. Week of May 10th 2021. To start off with lets take a look at some of the cryptos being affected by todays crash.

Pixabay Peter Patel. Some experts like Willy Woo believe the recent crypto market dip is a temporary pullback. That puts their loss for the week at 264 171 and 157 respectively.

Crypto as it stands today is a currency for fools an asset for gamblers and a potential clientele marketplace for cardiologists. Bitcoin the most popular cryptocurrencies is currently trading at 36926 at the time of writing down 414 in 24 hours. How to buy Chainlink.

ETH-USD is decreasing more. 10 May 2021 0741. However this did not stop financial services from having a positive outlook towards digital currency.

The companys website was even seen DOWN and people cant access their funds. May 9 2021 511 PM EDT Updated on May 10 2021 404 PM EDT Nasdaq 100 slumps 26 the biggest daily drop since March 18 Dow Jones Industrial briefly climbed to 35000 for first time. Its a mixed start to the week for the majors.

After dropping to a local low of 155 trillion on May 19 the total cryptocurrency market cap has recovered slightly to 175 trillion today. Binance Coin BNB is trading at 374 and its market cap is less than 1 billion away from reclaiming the third-ranked position from Tether USDT. This week Bitcoin starts strong on the back of.

The cryptocurrency market continues to be in a state of flux. This in turn will lessen the traded volumes of Cryptos resulting in lower demand hence a lower price.

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