Why Bitcoin Crashed Today,.??

Not only has Bitcoin crashed earlier today but it took the whole market down with it including Ethereum, XRP, Monero, Stellar and so on.

Nevertheless, here are a few reasons why we think Bitcoin crashed earlier today.

Miners

The Bitcoin mining economy is in a little bit of a crisis.

The stock market crash

In the beginning, Bitcoin was initially seen as a hedge against the risk of the stock market since its price movements seemed to almost ‘defy gravity’. But with the slide of the Dow Jones Index by a thousand points, within days saw rekindled fears for the traditional world of finances.

Mainstream markets are still lacking exuberance and a need for investments.

What are your thoughts? What do you think caused the markets to crash today?

References

CryptoVest