Tag: Asian market impact on crypto.

Economic Woes Trigger $500B Crypto Market Crash in Just Three Days

Due to weak US job numbers and recession fears, the crypto market sell-off broke a whopping $500 billion in three days, the worst sell-off in a year. Bitcoin's price fell 10% in one day and 20% in the week, reflecting market and macroeconomic pessimism. Ether lost 18% one day and 28% during the week due to the crypto market's linkedness to outside economic forces. Solana, one of the top 10 cryptocurrencies, fell 30.6% because of market volatility and incidents. The crypto market has recently experienced its...