Crypto Market Crash: Here’s Why BTC, ETH, And Other Altcoins Are Falling

Quick Summary:

The recent crypto market crash has fueled fresh concerns among investors, especially after the recent US Job data cemented bets over a potential 0.5% rate cut by the US Fed.

The US stock market has also noted gloomy trading today, while the crypto sector also moves in tandem with it.

So, let’s take a quick tour of all the possible factors that may have contributed to the recent bearish trend in the market.

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Article Details

Author / Journalist: Rupam Roy

Category: Crypto

Markets: IndiaVenezuela

Topics: 24/7 Cryptocurrency News Bitcoin News Altcoin News Crypto market crash Bitcoin (BTC) Price Ethereum (ETH) price Crypto Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-06 @ 23:06:44 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 635 words

Reading Time: 4 minutes read

Sentences: 53 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22394778

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 19 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 11 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #59

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