Why is crypto crashing? 5 Reasons Bitcoin Could Go Below $10k

The entire crypto market has witnessed a continuous drop in the price chart and has been dramatically affected by significant crypto events including popular exchanges and coin crashes. 2022 has already faced the crypto winter where major coins like BTC already went into the red, which could also be a result of certain macroeconomic factors.

While BTC is currently trading around $16ki at the time of writing, especially after the FTX-Binance dispute experts show concern for the popular coin that it may go below the $10k price mark. In this scenario, many investors are shifting their focus to new emerging tokens that are doing impressively well in the pre-sale to beat the ongoing bearish market.

Some of the coins that must be mentioned in this year’s presale launches are D2T, TARO, IMPT and RIA – each of them offer unique features and potential to shine in the future that make them the best investment choice before 2023.

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Before we take a closer look at the most potential crypto projects this year, let’s find out why the crypto market is crashing at this moment and why BTC will most likely crash below the $10k mark in the coming months.

Why is crypto crashing? Reasons behind the BTC fall

Although cryptocrash is nothing new in the domain of digital assets, there have been certain changes when it comes to Bitcoin’s price fluctuations. What used to be crypto-specific events behind the price movements are now changing to macro factors that have a corresponding influence on the global financial markets.

1. The downfall of FTX

Although there are a number of factors that affect crypto prices, but the most recent one is certainly the FTX-Binance dispute. FTX, which happened to be one of the major crypto exchanges, has faced a near collapse. The FTX crash has affected the entire market along with the major currencies such as BTC, which has fallen more than 70% since November 6th.

2. Rising interest rates

Rising interest rates have been the biggest culprit behind this year’s crypto crash, as well as why BTC has been in the red lately. Since the pandemic, the US and other parts of the world have witnessed record high inflation resulting in price increases.

For this reason, a number of central banks, along with the US Federal Reserve, have raised interest rates to bring down inflation by reducing the money in circulation. One of the reasons behind the continuous fall in BTC prices is surely the high interest rates that have dictated the crypto price performance this year.

3. Terra Luna crash

Another reason behind BTC’s plunge in the crypto market is the de-pegging of the TerraUSD stablecoin from the US dollar which has ultimately led to the devaluation of the Luna crypto. In mid-2022, LUNA fell over 95% in one day, causing many cryptocurrencies to suffer and face a continuous decline in the price chart.

4. The continuous fall in BTC prices

The LUNA collapse has also affected BTC prices quite heavily, contributing to the constant decline in BTC prices. From the all-time high of $68ki in November 2021 to the current trading price of around $16k, BTC prices have fallen more than 70%.

5. Speculation and manipulation

It is quite common for investors to sell their assets when the crypto market falls to avoid further losses. This scenario is intensified when the whales sell their holdings causing crypto manipulation and causing the market to plunge by selling off a significant portion of the assets. The crypto market then triggers FUD or fear, uncertainty and doubt which further affects the fall in the market.

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Potential options to look for before 2023

Although it cannot be denied that the crypto market has been going through a continuous decline lately. However, this has not stopped some very potential coins from emerging this year.

Here are some of the most potential crypto projects this year that investors are keeping an eye on.

Dash 2 Trading

Dash 2 Trade is one of the best options to look for if you are willing to participate in different options at the moment. Dash 2 Trade is the latest crypto analytics platform that offers social trading facilities to help investors make informed decisions.

Dash 2 Trading
Dash 2 Trading

The Dash 2 Trade platform offers trading signals, advance alerts for new coin listings and launches, social trading options and more that help a trader make better trading decisions, especially in the current turbulent market. The D2T token is currently in the third phase of its presale and has raised more than $6 million so far.

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RobotEra

Next on our list is RobotEra, the Sandbox-like crypto where users can pose as robots and build their own planets.

RobotEra
RobotEra

The game allows users to buy land and create a working virtual reality in the metaverse. They will also have the opportunity to earn through many activities such as selling ads on their virtual land and charging other players to gain entry.

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IMPT.io

IMPT is another revolutionary crypto project that has merged blockchain technology with carbon offsets.

IMPT
IMPT

The blockchain project has raised more than $13 million in pre-sales and continues to attract investors worldwide to help make the planet a better place by reducing its carbon footprint.

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Calvary

Last but not least, Calvaria is the new P2E card game that many investors have been interested in lately due to their clever way of promoting mass adoption of crypto among casual players.

Calvary
Calvary

RIA is currently in its pre-sale phase like the rest of the coins mentioned in the list, which means it is the right time to invest in this new token to get the best out of your investment.

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Conclusion

The market is certainly going down with major currencies like BTC also suffering. If you are willing to invest in alternative investments such as D2T, TARO, IMPT and RIA, now is the right time to do so before prices rise. Invest now to get these tokens at discounted prices before it’s too late.

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