Serious ‘Ripple’ Warning After Massive $400 Billion Crypto Crash Suddenly Plunges Bitcoin, Ethereum, BNB, XRP, Solana, Cardano, Terra’s Luna And Avalanche Into Free Fall -
Bitcoin, ethereum and other major cryptocurrencies have suddenly crashed, wiping $400 billion from the combined crypto market since Friday.
The bitcoin price has fallen dramatically toward $30,000 per bitcoin, down 20% from over $40,000 last week. Ethereum and its biggest rivals BNB BNB -13.6%, solana, cardano and avalanche had fallen even more steeply, each losing between 15% and 20%. Ripple's XRP XRP -18.3% is also down around 15%.
The brutal bitcoin and crypto price crash was triggered first by the U.S. Federal Reserve sharply hiking interest rates last week, also crashing stock markets, and then exacerbated by the fast-growing algorithmic stablecoin TerraUSD (UST) struggling to maintain its $1 peg as its support cryptocurrency luna leads market lower with a blistering 30% plummet.…
https://www.forbes.com/sites/billybambro...e4c7bb1359
Bitcoin, ethereum and other major cryptocurrencies have suddenly crashed, wiping $400 billion from the combined crypto market since Friday.
The bitcoin price has fallen dramatically toward $30,000 per bitcoin, down 20% from over $40,000 last week. Ethereum and its biggest rivals BNB BNB -13.6%, solana, cardano and avalanche had fallen even more steeply, each losing between 15% and 20%. Ripple's XRP XRP -18.3% is also down around 15%.
The brutal bitcoin and crypto price crash was triggered first by the U.S. Federal Reserve sharply hiking interest rates last week, also crashing stock markets, and then exacerbated by the fast-growing algorithmic stablecoin TerraUSD (UST) struggling to maintain its $1 peg as its support cryptocurrency luna leads market lower with a blistering 30% plummet.…
https://www.forbes.com/sites/billybambro...e4c7bb1359