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Crypto drop today

Whats going on with crypto

So, how are cryptocurrency firms freezing access to withdrawals impacting crypto investors?

Bitcoin price today fell back toward the top of a range that’s largely defined it so far in 2022, after meeting resistance at a key technical level and amid some concerns about potential regulation. The largest cryptocurrency pared most of its loss after falling as much as 3.3% on Friday to $44,252 and is still trending toward its fourth-straight decline after making a run toward its 200-day moving average earlier in the week.  Why is bitcoin down right now Since June 2022, the cryptocurrency market has remained relatively flat, ranging between a global market cap of about $800 billion to $1.2 trillion. While the 50% rise from $800 billion to $1.2 trillion between June and August 2022 may seem like a large movement, the cryptocurrency market is naturally volatile, and such a move is much smaller than previous bull runs. The cryptocurrency market has ranged lower since August, reaching the current value of about $900 billion.

Cryptocurrency down today

Here are the largest cryptocurrencies by the total dollar value of the coins in existence, that is, the market capitalization, or market cap. (Data is from CoinMarketCap.com, as of Feb. 8, 2023.) Latest Crypto & Bitcoin News Crypto, after all, is different from assets like farmland, or stocks, or even real estate. When investors are trying to figure out how much to pay for those kinds of assets, they’re interested, at least in theory, in their intrinsic value. If you’re going to buy farmland, you want to know how much money you’ll get from the crops you can grow on that land. If you’re going to buy an apartment building, you want to know how much rent you’ll be able to get from your tenants over the next 30 years (or whatever your time horizon is). And if you’re buying stock in a company, you want to know how much cash it’ll generate in the future, together with the value of whatever assets it currently owns.

Whats going on with crypto
Morgan Stanley: Falling Stablecoin Issuance Is Negative Sign for Crypto Trading

-- Crypto Is Volatile and Fragile by Nature From the graph, it’s visible that the Bitcoin fear and greed index had been at fear and extreme fear values for most of the past year. Both these fear and extreme fear streaks were in fact the longest ever in the history of the indicator.

Why is bitcoin down today

Although cryptocurrencies like Bitcoin and Ethereum have long been touted by their fervent, hyper-vocal fanbases as powerful alternatives to the stock market, the reality has become somewhat more nuanced. Over the past several months, the two forms of investment have become increasingly correlated with one another, and tumbles in the stock market now usually foretell commensurate or worse falls in the price of crypto. Part of what's going on is that people are beginning to perceive cryptocurrencies the way they perceive technology stocks — as high-risk, high-reward assets that may not be the best investments during times of instability and upheaval. Which brings us to the final headwind. Cryptocurrency roundup for February 2: Bitcoin and Ether Prices Soar on Powell's Inflation Comment and more Losses are nothing new to longtime crypto investors. Bitcoin fell more than 80% from 2013 to 2015 and again from 2017 to 2018. This is now the 10th time since 2017 that Bitcoin has fallen 30% or more from an all-time high. In that same time, the U.S. stock market has fallen 30% or more just once.