Why Cryptocurrency Market is Crashing? | Is it A Good Time to Invest? 2022
S easoned crypto investors have come to expect volatility. It’s the price of admission for participating in this emerging industry. That being said, it never feels good to lose money, and many popular cryptocurrencies have taken a beating recently. In fact, the crypto market as a whole has fallen 30% from its high in November 2021. This is hardly the first time the market has crashed, and I doubt it will be the last. But every past downturn has been a buying opportunity. Ethereum remains the second most valuable cryptocurrency, but it currently trades 30% below its all-time high. Is now a good time to buy? Why Did The Crypto Market Crash? Two major events in the cryptocurrency space have rocked Bitcoin’s value down to a three-month low as the entire market witnessed a cascading crash. At the time of writing, Bitcoin is valued at $43,168 (roughly Rs. 32.1 lakh), down by over 7 percent over the past 24 hours on global exchanges. On Indian exchanges like Coin...