dashboard



Three Reasons Behind The Crypto Market Crash

Key Insights:Total market cap has tanked to a ten-month low of $1.6 trillion.

Fed interest rate hikes are driving investors back to traditional assets.

Institutions are also cooling on crypto following an epic 2021.

Total crypto market capitalization has fallen to its lowest level in ten months. A further $130 billion has left the space over the weekend resulting in a market cap slump to $1.62 trillion. It has not been this low since early August, according to CoinGecko.

Bitcoin (BTC) and Ethereum (ETH) lead losses again during the Monday morning Asian trading session. Bitcoin has shed a further 3.1% to $33,486 at the time of writing, and Ethereum is down 4.2% to $2,443, its lowest price since January.

Crypto markets are cyclical, but there are a couple of other factors driving the selloff at the moment.

Drivers of The Crypto CrashFed interest rate hikes The Federal Reserve raised interest rates half a percentage point last week, and Wall Street responded with a stock slump. Crypto markets have followed suit shedding more than 10% or almost $200 billion over the past week.

Edward Moya, the senior market analyst at Oanda, noted that crypto markets had been highly correlated to indexes such as the Nasdaq. He observed that the tech-focused index is down 21% this year, while Bitcoin is down 22%. Moya added that confidence is low, and the asset has been mainly consolidating for most of this year:

“Bitcoin is really stuck in a sideways news cycle where you’re just waiting for it to be calm on Wall Street, and then you’ll see more people confident in investing. I still think there’s a lot of long-term potential value here, but you have to be able to stomach this volatility.”

Institutional interest cooling The year 2021 was extremely bullish for institutional crypto investment, but that has not carried through to 2022. Big names such as Tesla, MicroStrategy, El Salvador, and several payment platforms got into crypto, driving the momentum and buying pressure. U.S. regulators even allowed the first Bitcoin futures exchange-traded funds to trade which was also bullish.

This year has been a lot more subdued, and according to CoinShares, there have been four weeks in a row of institutional crypto fund outflows. Moya added that corporate and institutional investors are in a “wait and see mode,”

“There’s a belief that mainstream adoption is taking a lot longer than people expected,”

Seeking safer ground Investors appear to be reacting to what is happening in the broader economy. There is more confidence in traditional assets with recovery from the Covid-19 pandemic in full swing and an end to global restrictions.

According to Chris Kline, co-founder of Bitcoin IRA, some crypto investors are weighing other options and “moving their money back to the dollar, as a starting point, and then seeing what they’re going to do from there.”

Bull Bear CyclesFinally, crypto markets are cyclical; what goes up must come down. There have been four distinct bull/bear markets since Bitcoin’s inception more than a decade ago. If previous cycles are anything to go by, crypto markets may remain bearish for the rest of this year and into 2023 before turning around again.

According to analysts, BTC could fall to the mid-$20K range and consolidate there for a while before there is any significant upwards momentum again.

This article was originally posted on FX Empire

More From FXEMPIRE:Battered sterling falls to fresh lows against dollar

SoftBank seen posting bruising Vision Fund loss on tech sell-off

Russian negotiator says peace talks with Ukraine are ongoing – Ifax

Putin speaks at Victory Day parade on Moscow’s Red Square

Pandemic pushes Spanish workers out of the shadows

Putin channels memory of Hitler’s defeat to urge victory in Ukraine

Advertisement window.performance.mark('monalixaRightRail'); window.performance.measure('monalixaRightRailDone','PageStart','monalixaRightRail'); if(window && window.FinSearch && window.FinSearch.init){window.FinSearch.init();} window.performance.mark('quoteLookup'); window.performance.measure('quoteLookupDone','PageStart','quoteLookup'); window.performance.mark('relatedQuotes'); window.performance.measure('relatedQuotesDone','PageStart','relatedQuotes'); window.performance.mark('recentQuotes'); window.performance.measure('recentQuotesDone','PageStart','recentQuotes'); TRENDING 1. Air Lease chairman sees risk to Boeing 777X project from delays 2. Brazil watchdog proposes approval of Pague Menos buy of Extrafarma 3. Europeans want fairer, greener, more agile EU - report 4. Sri Lanka Prime Minister offers resignation amid worst economic crisis - official 5. UPDATE 1-Volkswagen CEO sees tight race with Tesla for e-car crown by 2025 window.performance.mark('trending'); window.performance.measure('trendingDone','PageStart','trending'); (function(w) { var adsConfig = { clientPositionMeta: undefined, clientViewportAdFetchYOffset: undefined, clusterPositionMeta: undefined, enableAdSlugText: undefined, enableAdditionalPageContextParams: undefined, pencilAdSections: {}, positions: {"BTNA":{"meta":{"clean":"sda-BTN","dest":"sda-BTN-iframe","fdb":1,"h":60,"id":"BTNA","metaSize":true,"w":120},"sfoptin":1},"BTNB":{"meta":{"clean":"sda-BTN-1","dest":"sda-BTN-1-iframe","fdb":1,"h":60,"id":"BTNB","metaSize":true,"w":120},"sfoptin":1},"BTNC":{"meta":{"clean":"sda-BTN-2","dest":"sda-BTN-2-iframe","fdb":1,"h":60,"id":"BTNC","metaSize":true,"w":120},"sfoptin":1},"BTND":{"meta":{"clean":"sda-BTN-3","dest":"sda-BTN-3-iframe","fdb":1,"h":60,"id":"BTND","metaSize":true,"w":120},"sfoptin":1},"FSRVY":{"meta":{"clean":"sda-FSRVY","dest":"sda-FSRVY-iframe","fr":"expIfr_exp","id":"FSRVY","supports":{"lyr":1}}},"HPSPON":{"filtered":1,"sfoptin":0},"INARTICLE":{"meta":{"clean":"sda-INARTICLE-base","dest":"sda-INARTICLE","fdb":1,"flex":{"h":{"min":10},"ratio":"1.78x1","w":{"min":10}},"h":211,"id":"INARTICLE","supports":{"exp-ovr":1,"exp-push":1,"lyr":0},"w":375},"sfoptin":1},"INBODYLDRB-1":{"meta":{"clean":"wafer-darla-clean-INBODYLDRB-1","dest":"wafer-darla-INBODYLDRB-1","fdb":1,"h":90,"id":"INBODYLDRB-1","metaSize":true,"pos":"LDRB","supports":{"exp-ovr":1,"exp-push":1,"lyr":0},"w":728},"sfoptin":1},"INBODYLDRB-DISPLAY-PH":{"meta":{"clean":"sda-placeholder","dest":"sda-placeholder-iframe","fdb":1,"h":90,"id":"LDRB","metaSize":true,"pos":"LDRB","supports":{"exp-ovr":1,"exp-push":1,"lyr":0},"w":728}},"INBODYLDRB-NATIVE-PH":{"meta":{"clean":"sda-placeholder","dest":"sda-placeholder-iframe","fdb":1,"h":90,"id":"LDRB","metaSize":true,"pos":"LDRB","supports":{"exp-ovr":1,"exp-push":1,"lyr":0},"w":728,"doubleBuffering":false}},"INBODYLDRB2-DISPLAY-PH":{"meta":{"clean":"sda-placeholder","dest":"sda-placeholder-iframe","fdb":1,"h":90,"id":"LDRB","metaSize":true,"pos":"LDRB","supports":{"exp-ovr":1,"exp-push":1,"lyr":0},"w":728}},"INBODYLDRB2-NATIVE-PH":{"meta":{"clean":"sda-placeholder","dest":"sda-placeholder-iframe","fdb":1,"h":90,"id":"LDRB","metaSize":true,"pos":"LDRB","supports":{"exp-ovr":1,"exp-push":1,"lyr":0},"w":728,"doubleBuffering":false}},"INBODYLDRB3-DISPLAY-PH":{"meta":{"clean":"sda-placeholder","dest":"sda-placeholder-iframe","fdb":1,"h":90,"id":"LDRB","metaSize":true,"pos":"LDRB","supports":{"exp-ovr":1,"exp-push":1,"lyr":0},"w":728}},"INBODYLDRB3-NATIVE-PH":{"meta":{"clean":"sda-placeholder","dest":"sda-placeholder-iframe","fdb":1,"h":90,"id":"LDRB","metaSize":true,"pos":"LDRB","supports":{"exp-ovr":1,"exp-push":1,"lyr":0},"w":728,"doubleBuffering":false}},"INBODYLDRB4-DISPLAY-PH":{"meta":{"clean":"sda-placeholder","dest":"sda-placeholder-iframe","fdb":1,"h":90,"id":"LDRB","metaSize":true,"pos":"LDRB","supports":{"exp-ovr":1,"exp-push":1,"lyr":0},"w":728}},"INBODYLDRB4-NATIVE-PH":{"meta":{"clean":"sda-placeholder","dest":"sda-placeholder-iframe","fdb":1,"h":90,"id":"LDRB","metaSize":true,"pos":"LDRB","supports":{"exp-ovr":1,"exp-push":1,"lyr":0},"w":728,"doubleBuffering":false}},"INBODYLREC-DISPLAY-PH":{"meta":{"clean":"sda-placeholder","dest":"sda-placeholder-iframe","fdb":1,"h":250,"id":"LREC","metaSize":true,"pos":"LREC","supports":{"exp-ovr":0,"exp-push":1,"lyr":0},"w":300}},"INBODYLREC-NATIVE-PH":{"meta":{"clean":"sda-placeholder","dest":"sda-placeholder-iframe","fdb":1,"h":300,"id":"LREC","metaSize":false,"pos":"LREC","supports":{"exp-ovr":0,"exp-push":1,"lyr":0},"w":300,"doubleBuffering":false,"flex":{"w":{"max":375}}}},"INBODYLREC2-DISPLAY-PH":{"meta":{"clean":"sda-placeholder","dest":"sda-placeholder-iframe","fdb":1,"h":250,"id":"LREC","metaSize":true,"pos":"LREC","supports":{"exp-ovr":0,"exp-push":1,"lyr":0},"w":300}},"INBODYLREC2-NATIVE-PH":{"meta":{"clean":"sda-placeholder","dest":"sda-placeholder-iframe","fdb":1,"h":300,"id":"LREC","metaSize":false,"pos":"LREC","supports":{"exp-ovr":0,"exp-push":1,"lyr":0},"w":300,"doubleBuffering":false,"flex":{"w":{"max":375}}}},"INBODYLREC3-DISPLAY-PH":{"meta":{"clean":"sda-placeholder","dest":"sda-placeholder-iframe","fdb":1,"h":250,"id":"LREC","metaSize":true,"pos":"LREC","supports":{"exp-ovr":0,"exp-push":1,"lyr":0},"w":300}},"INBODYLREC3-NATIVE-PH":{"meta":{"clean":"sda-placeholder","dest":"sda-placeholder-iframe","fdb":1,"h":300,"id":"LREC","metaSize":false,"pos":"LREC","supports":{"exp-ovr":0,"exp-push":1,"lyr":0},"w":300,"doubleBuffering":false,"flex":{"w":{"max":375}}}},"INBODYLREC4-DISPLAY-PH":{"meta":{"clean":"sda-placeholder","dest":"sda-placeholder-iframe","fdb":1,"h":250,"id":"LREC","metaSize":true,"pos":"LREC","supports":{"exp-ovr":0,"exp-push":1,"lyr":0},"w":300}},"INBODYLREC4-NATIVE-PH":{"meta":{"clean":"sda-placeholder","dest":"sda-placeholder-iframe","fdb":1,"h":300,"id":"LREC","metaSize":false,"pos":"LREC","supports":{"exp-ovr":0,"exp-push":1,"lyr":0},"w":300,"doubleBuffering":false,"flex":{"w":{"max":375}}}},"INBODYMAST-1":{"meta":{"clean":"wafer-darla-clean-INBODYMAST-1","dest":"wafer-darla-INBODYMAST-1","fdb":1,"h":250,"id":"INBODYMAST-1","metaSize":true,"pos":"MAST","supports":{"exp-ovr":1,"exp-push":1,"lyr":0,"resize-to":1},"w":970},"sfoptin":1},"INBODYMAST-DISPLAY-PH":{"meta":{"clean":"sda-placeholder","dest":"sda-placeholder-iframe","fdb":1,"h":250,"id":"MAST","metaSize":true,"pos":"MAST","supports":{"exp-ovr":1,"exp-push":1,"lyr":0,"resize-to":1},"w":970}},"INBODYMAST-NATIVE-PH":{"meta":{"clean":"sda-placeholder","dest":"sda-placeholder-iframe","fdb":1,"h":250,"id":"MAST","metaSize":true,"pos":"MAST","supports":{"exp-ovr":1,"exp-push":1,"lyr":0,"resize-to":1},"w":970,"doubleBuffering":false,"flex":{"w":{"max":1220,"min":960}}}},"INBODYMAST2-DISPLAY-PH":{"meta":{"clean":"sda-placeholder","dest":"sda-placeholder-iframe","fdb":1,"h":250,"id":"MAST","metaSize":true,"pos":"MAST","supports":{"exp-ovr":1,"exp-push":1,"lyr":0,"resize-to":1},"w":970}},"INBODYMAST2-NATIVE-PH":{"meta":{"clean":"sda-placeholder","dest":"sda-placeholder-iframe","fdb":1,"h":250,"id":"MAST","metaSize":true,"pos":"MAST","supports":{"exp-ovr":1,"exp-push":1,"lyr":0,"resize-to":1},"w":970,"doubleBuffering":false,"flex":{"w":{"max":1220,"min":960}}}},"INBODYMAST3-DISPLAY-PH":{"meta":{"clean":"sda-placeholder","dest":"sda-placeholder-iframe","fdb":1,"h":250,"id":"MAST","metaSize":true,"pos":"MAST","supports":{"exp-ovr":1,"exp-push":1,"lyr":0,"resize-to":1},"w":970}},"INBODYMAST3-NATIVE-PH":{"meta":{"clean":"sda-placeholder","dest":"sda-placeholder-iframe","fdb":1,"h":250,"id":"MAST","metaSize":true,"pos":"MAST","supports":{"exp-ovr":1,"exp-push":1,"lyr":0,"resize-to":1},"w":970,"doubleBuffering":false,"flex":{"w":{"max":1220,"min":960}}}},"INBODYMAST4-DISPLAY-PH":{"meta":{"clean":"sda-placeholder","dest":"sda-placeholder-iframe","fdb":1,"h":250,"id":"MAST","metaSize":true,"pos":"MAST","supports":{"exp-ovr":1,"exp-push":1,"lyr":0,"resize-to":1},"w":970}},"INBODYMAST4-NATIVE-PH":{"meta":{"clean":"sda-placeholder","dest":"sda-placeholder-iframe","fdb":1,"h":250,"id":"MAST","metaSize":true,"pos":"MAST","supports":{"exp-ovr":1,"exp-push":1,"lyr":0,"resize-to":1},"w":970,"doubleBuffering":false,"flex":{"w":{"max":1220,"min":960}}}},"LDRB":{"meta":{"clean":"sda-LDRB","dest":"sda-LDRB-iframe","fdb":1,"h":90,"id":"LDRB","metaSize":true,"pos":"LDRB","supports":{"exp-ovr":1,"exp-push":1,"lyr":0},"w":728},"sfoptin":1},"LDRB2":{"meta":{"clean":"sda-LDRB2","dest":"sda-LDRB2-iframe","fdb":1,"h":90,"id":"LDRB2","metaSize":true,"pos":"LDRB2","supports":{"exp-ovr":1,"exp-push":1,"lyr":0},"w":728},"sfoptin":1},"LDRB2-9":{"meta":{"clean":"sda-LDRB2-9","dest":"sda-LDRB2-9-iframe","fdb":1,"h":90,"id":"LDRB2-9","metaSize":true,"pos":"LDRB2-9","supports":{"exp-ovr":1,"exp-push":1,"lyr":0},"w":728},"sfoptin":1},"LREC":{"meta":{"clean":"sda-LREC","dest":"sda-LREC-iframe","fdb":1,"h":250,"id":"LREC","metaSize":true,"pos":"LREC","supports":{"exp-ovr":0,"exp-push":1,"lyr":0},"w":300},"sfoptin":1},"LREC-2":{"meta":{"clean":"sda-LREC-2","dest":"sda-LREC-2-iframe","fdb":1,"h":250,"id":"LREC-2","metaSize":true,"pos":"LREC-2","supports":{"exp-ovr":0,"exp-push":1,"lyr":0},"w":300},"sfoptin":1},"LREC2":{"meta":{"clean":"sda-LREC2","dest":"sda-LREC2-iframe","fdb":1,"h":250,"id":"LREC2","metaSize":true,"pos":"LREC2","supports":{"exp-ovr":0,"exp-push":1,"lyr":0},"w":300},"sfoptin":1},"LREC3":{"meta":{"clean":"sda-LREC3","dest":"sda-LREC3-iframe","fdb":1,"h":250,"id":"LREC3","metaSize":true,"pos":"LREC3","supports":{"exp-ovr":0,"exp-push":1,"lyr":0},"w":300},"sfoptin":1},"LREC3-DISPLAY-PH":{"meta":{"clean":"sda-LREC","dest":"sda-LREC-iframe","fdb":1,"h":250,"id":"LREC","metaSize":true,"pos":"LREC","supports":{"exp-ovr":0,"exp-push":1,"lyr":0},"w":300}},"LREC3-NATIVE-PH":{"meta":{"clean":"sda-LREC","dest":"sda-LREC-iframe","fdb":1,"h":250,"id":"LREC","metaSize":true,"pos":"LREC","supports":{"exp-ovr":0,"exp-push":1,"lyr":0},"w":300,"doubleBuffering":false,"flex":{"h":{"max":312,"min":250},"ratio":"1.2x1","w":{"align":"center","max":375,"min":300}}},"sfoptin":1},"LREC4":{"meta":{"clean":"sda-LREC4","dest":"sda-LREC4-iframe","fdb":1,"h":250,"id":"LREC4","metaSize":true,"pos":"LREC4","supports":{"exp-ovr":0,"exp-push":1,"lyr":0},"w":300},"sfoptin":1},"LREC5":{"meta":{"clean":"sda-LREC5","dest":"sda-LREC5-iframe","fdb":1,"h":250,"id":"LREC5","metaSize":true,"pos":"LREC5","supports":{"exp-ovr":0,"exp-push":1,"lyr":0},"w":300},"sfoptin":1},"MAST":{"meta":{"clean":"sda-MAST","dest":"sda-MAST-iframe","fdb":1,"h":250,"id":"MAST","metaSize":true,"pos":"MAST","supports":{"exp-ovr":0,"exp-push":1,"lyr":0,"resize-to":1},"w":970},"sfoptin":1},"MAST-DISPLAY-PH":{"meta":{"clean":"sda-MAST-DISPLAY","dest":"sda-MAST-DISPLAY","fdb":1,"h":250,"id":"MAST","metaSize":true,"pos":"MAST","supports":{"exp-ovr":0,"exp-push":1,"lyr":0,"resize-to":1},"w":970},"sfoptin":1},"MAST-NATIVE-PH":{"meta":{"clean":"sda-MAST-NATIVE","dest":"sda-MAST-NATIVE","fdb":1,"h":250,"id":"MAST","metaSize":true,"pos":"MAST","supports":{"exp-ovr":0,"exp-push":1,"lyr":0,"resize-to":1},"w":970,"doubleBuffering":false,"flex":{"w":{"max":1220,"min":960}}},"sfoptin":1},"MAST2":{"meta":{"clean":"sda-MAST2","dest":"sda-MAST2-iframe","fdb":1,"h":250,"id":"MAST","metaSize":true,"pos":"MAST","supports":{"exp-ovr":0,"exp-push":1,"lyr":0,"resize-to":1},"w":970}},"MAST2-DISPLAY-PH":{"meta":{"clean":"sda-MAST2-DISPLAY","dest":"sda-MAST2-DISPLAY","fdb":1,"h":250,"id":"MAST","metaSize":true,"pos":"MAST","supports":{"exp-ovr":0,"exp-push":1,"lyr":0,"resize-to":1},"w":970},"sfoptin":1},"MAST2-NATIVE-PH":{"meta":{"clean":"sda-MAST2-NATIVE","dest":"sda-MAST2-NATIVE","fdb":1,"h":250,"id":"MAST","metaSize":true,"pos":"MAST","supports":{"exp-ovr":0,"exp-push":1,"lyr":0,"resize-to":1},"w":970,"doubleBuffering":false,"flex":{"w":{"max":1220,"min":960}}},"sfoptin":1},"MOMENTS":{"meta":{"clean":"sda-MOMENTS-base","dest":"defaultdestMOMENTS","fdb":1,"flex":{"h":{"min":568},"ratio":"1x1.78","w":{"min":320}},"fr":"expIfr_exp","h":667,"id":"MOMENTS","supports":{"exp-ovr":1,"exp-push":1,"resize-to":1},"w":375,"z":3}},"MON":{"meta":{"clean":"sda-MON","dest":"sda-MON-iframe","fdb":1,"h":600,"id":"MON","metaSize":true,"pos":"MON","supports":{"exp-ovr":1,"exp-push":1,"lyr":0,"resize-to":1},"w":300},"sfoptin":1},"MON2":{"meta":{"clean":"sda-MON2","dest":"sda-MON2-iframe","fdb":1,"h":600,"id":"MON2","metaSize":true,"pos":"MON2","supports":{"exp-ovr":1,"exp-push":1,"lyr":0,"resize-to":1},"w":300},"sfoptin":1},"NE1":{"meta":{"clean":"sda-NE1","dest":"sda-NE1-iframe","fr":"expIfr_exp","h":35,"id":"NE1","metaSize":false,"pos":"NE1","staticLayout":true,"supports":{"exp-ovr":1,"exp-push":1,"lyr":1},"w":970,"z":9}},"UMU":{"meta":{"clean":"sda-UMU","dest":"sda-UMU-iframe","fr":"expIfr_exp","h":32,"id":"UMU","metaSize":false,"pos":"UMU","staticLayout":true,"supports":{"exp-ovr":1,"exp-push":1,"lyr":1},"w":1220,"z":1000}},"WFPAD":{"meta":{"clean":"sda-WFPAD","dest":"sda-WFPAD-iframe","h":50,"id":"WFPAD","metaSize":true,"pos":"WFPAD","supports":{"exp-ovr":1,"exp-push":1,"lyr":1,"resize-to":1},"w":320},"sfoptin":0},"WFPAD-DISPLAY-PH":{"meta":{"clean":"sda-WFPAD-DISPLAY","dest":"sda-WFPAD-DISPLAY","h":50,"id":"WFPAD","metaSize":true,"pos":"WFPAD","supports":{"exp-ovr":1,"exp-push":1,"lyr":1,"resize-to":1},"w":320,"flex":{"h":{"min":50}}},"sfoptin":0},"WFPAD-NATIVE-PH":{"meta":{"clean":"sda-WFPAD-NATIVE","dest":"sda-WFPAD-NATIVE","h":50,"id":"WFPAD","metaSize":true,"pos":"WFPAD","supports":{"exp-ovr":1,"exp-push":1,"lyr":1,"resize-to":1},"w":320,"doubleBuffering":false,"flex":{"h":{"max":100,"min":80},"w":{"max":800,"min":300}}},"sfoptin":0},"WIDGET":{"meta":{"clean":"sda-WIDGET","dest":"sda-WIDGET-iframe","fdb":1,"h":450,"id":"WIDGET","metaSize":false,"pos":"WIDGET","supports":{"exp-ovr":1,"exp-push":1,"lyr":0,"resize-to":1},"w":750},"sfoptin":1},"WIDGETA":{"meta":{"clean":"sda-WIDGETA","dest":"sda-WIDGETA-iframe","fdb":1,"h":198,"id":"WIDGETA","metaSize":false,"pos":"WIDGETA","supports":{"exp-ovr":1,"exp-push":1},"w":758},"sfoptin":1},"XFPAD":{"filtered":1,"sfoptin":0}}, rotateIndexPageAds: undefined, rotation: {}, strings: {"advertisement":"Advertisement"}, videoPublisherBlob: "lu:0;lpstaid:2b466b75-e8ce-30d6-8f1e-599f79675334;pt:content;ver:article;pd:non_modal;pct:story", viewerEnableLRECForShowBodyAdsFalse: undefined, viewerGeminiSMAdConfig: {}, viewerGeminiSMAdEnabled: undefined, viewerPositionMeta: undefined, viewerResetAutoEventOnClose: undefined, viewerSMAdEnabled: undefined, viewerViewportAdFetch: {}, viewerWfpadAdEnabled: undefined, viewerWfpadInVideoEnabled: undefined, }; // expose adsConfig for homepage-viewer client if (!w.adsConfig) { w.adsConfig = adsConfig; } }(window)); { "caasUrl": "https://www.yahoo.com/caas/content/article/", "contextParams": "lang=en-US®ion=US&site=finance" } Advertisement body.ow-modal-opened #spotIm-conversations-module-wrapper iframe { z-index: 11 !important; } .horizontalLayout .jac-container { margin: auto; width: 100% !important; } .horizontalLayout #spotIm-conversations-module-wrapper iframe { width: 100% !important; } {"spotIm":{"conversationEnabled":true,"device":"desktop","jacDomain":"https://openweb.jac.yahoosandbox.com","jacUrl":"https://openweb.jac.yahoosandbox.com/0.8.1/jac.js","launcherUrl":"https://launcher.spot.im/spot/","leftRailWidth":"","messages_cnt":0,"passiveReactionEnabled":true,"pitcAdEnabled":true,"pitcEnabled":true,"showCommentCount":false,"spotId":"sp_Rba9aFpG","stageSpotId":"sp_n93tLsKu","url":"https://finance.yahoo.com/news/three-reasons-behind-crypto-market-035440154.html","useCase":"deeplink","useStageToken":false,"uuid":"2b466b75-e8ce-30d6-8f1e-599f79675334","xhrPathPrefix":"/nel_ms/_rcv/remote"}} window.performance.mark('spotIm'); window.performance.measure('spotImDone','PageStart','spotIm'); Recommended StoriesReutersBitcoin falls to lowest since January, in line with tumbling stock marketsBitcoin fell to its lowest level since January on Monday as slumping equity markets continued to hurt cryptocurrencies, which are currently trading in line with so-called riskier assets like tech stocks. Bitcoin dropped to as low as $33,266 in morning trade, testing the January low of $32,951. The tech heavy Nasdaq fell 1.5% last week, and has lost 22% year to date, hurt by the prospect of persistent inflation forcing the U.S. Federal Reserve to hike rates despite slowing growth.
Click Here To Get Funded!