How Low Can BTC and ETH Go?

Mika

VIP Contributor
As of writing, this BTC is $26,959 and ETH is $1830. This is a terrible day for crypto lovers. Just in a couple of days, Bitcoin has lost over $200 billion and Ethereum has lost almost $300 billion. Over 1 trillion USD has been wiped out from the Crypto Market. This is the lowest level Bitcoin has gone to since July 2021.

What do you think is the reason behind this crash? How low BTC, ETH, and all other cryptos can go down?

According to Steven McClurg, co-founder of Valkyrie, an asset management firm, the price of crypto will continue to fall and the reason behind this is the inflation in the United States. Another reason for the market fall is Macro Fears.

In order to combat inflation Federal Reserve increases the interest rates, which is also one of the reasons for the crypto market crash. If the Fed continues to raise interest rates, the price of cryptos will continue to fall.
 
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