Why is the crypto market crashing right now?

Why Is the Crypto Market Crashing Right Now? Not so long ago, in November 2021, the crypto market reached its peak. Since then, the situation has changed dramatically. The market has experienced a crash, which has caused bitcoin to trade 70% below its ATH, and the case for most altcoins looks even worse.

Is the hype around cryptocurrencies dying down?

The crypto market remains a volatile field that continues to follow its own rules and trends, making cryptocurrencies a risky and often unpredictable investment. However, as the hype around cryptocurrenciesis dying down, this may present crypto enthusiasts with yet another opportunityfor crypto buys.

What's happening to crypto and/or 'Web3' right now?

Then, the crash. So, yes. That was the first web bubble, back in the 1990s, which popped in March 2000. It also seems like what’s happening to crypto and/or “Web3” — the recent rebranding of crypto — right now. Over the last year, your friends who don’t know anything about tech became aware of NFTs, even if they couldn’t explain them.

Should you miss out on crypto?

Tag line: “Don’t miss out on crypto.” And now the crash: Something like $1.5 trillion in value has disappeared since last fall as cryptocurrencies have plunged: Bitcoin is down 56 percent from its peak in November; ethereum is down about 63 percent. Don’t even ask about Dogecoin.