• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • HomePage
  • About Us
  • Contact Us
  • Privacy Policy
  • Disclaimer
  • Sitemap

Wjsnews

Bitcoin, Crypto, Tokens, Exchange & Wallets

  • HomePage
  • Blog
  • Cryptocurrency
  • Crypto Converter
  • CBDC
  • News
  • WebStories

2 Biggest Reason For Bitcoin Crash

by Satendra Kumar

2 biggest reason for bitcoin crash

Present time Bitcoin crash and complete crypto market is in turbulent condition. Actually Bitcoin hits $17K in last 24 hours since the timing of writing this article. Some investors taking it as a good opportunity for investment. While other immature and small investors are facing huge loss.

Today we will discuss why Bitcoin price is crashing. Also, we will bring some urgent points for survival in this type of situation.

2 Biggest Reason For Bitcoin Crash

Here are the two biggest reason for Bitcoin crash. I will discuss all these in detail and simple words.

FED Tax

FED or Federal Reserve Increased Interest Rate is the primary reason for Bitcoin crash. Actually, increased interest rates affect the budget of middle class man. Most of the investors are investing to earn a little bit profit from their investment.

But when we see FED is increasing interest rate it is directly impacting the budget of investors.

In the upcoming inflation, people have to pay their savings for increased tax. So, people looking for the alternative option and that is only square off their Bitcoin holding.

When people will not earn from crypto and Bitcoin, they will not pay heavy tax.

On the other hand when many people sell Bitcoin, and buyers loose interest, price drop accordingly. Actually, it is completely based on demand and supply. Bloomberg and CNBD like website also suggesting to be safe in such turbulent market situation.

FTX Balance Sheet Issue

Currently, FTX exchange is also, facing the bankrupt situation. FTX officials explain that someone transferred their funds to the cold storage or offline wallet. Which is un trackable.

Actually, online movement can be tracked but when someone steal fund and transfer to any offline wallet or cold storage wallet, it become difficult to trace that fund.

In FTX cases something similar to unauthorized fund transfer happened. So, they fail to submit their final balance sheet.

Actually, FTX is the most trustable crypto exchange, that facilitate to trade stocks along with crypto assets.

As per the information received from source FTX is under $600M debt. They were dealing with Binance exchange to buy their business. Binance exchange was ready to buy their non us business. But suddenly Binance exchange reject their deal and market crashed very badly.

Conclusion

So, these were two biggest reason for Bitcoin crash. I hope you understand these clearly. If you have something else regarding this please leave us a gentle comment and we will discuss accordingly.

Also, Check:

IS CBDC Concept note really comparing stocks with INR?
Swift Prepared Blueprint for CBDC.

Filed Under: Cryptocurrency Tagged With: bitcoin crash, crypto crash, market crash

Trending Posts

ONE Cryptocurrency Future

What Is ONE Ecosystem Future

We are in the right time to be part of the new Market Trends that are based on Digital Economy, just as the Internet in the 90s of the 20th century transformed … [Read More...] about What Is ONE Ecosystem Future

How to Trade Crypto Safely

Crypto Trade: How to Trade Crypto Safely?

Crypto Trading Crypto trading is the buying and selling of digital currencies or cryptocurrencies such as Bitcoin, Ethereum, Ripple, and Litecoin. It is a … [Read More...] about Crypto Trade: How to Trade Crypto Safely?

blockchain technology

What Is Blockchain Technology?

Blockchain technology is a revolutionary new way to store and transfer data securely. It is a distributed ledger technology that uses cryptography to securely … [Read More...] about What Is Blockchain Technology?

How to start making money with digital yuan?

Nowadays, if you wish to make money, you need to work hard. But, it would help if you were very careful about your actions when it comes to making money out of … [Read More...] about How to start making money with digital yuan?

how to buy rbi retail cbdc

RBI Retail CBDC Launch And Buying Process

Dear viewers RBI Retail CBDC is going to be launch as wholesale CBDC pilot testing is in it's final phase. Wholesale CBDC is being tested by the 9 banks … [Read More...] about RBI Retail CBDC Launch And Buying Process

Wallet Recharge With ONE Payment India

Wallet Recharge With ONE Payment [ Likely Exchange ]

Hello Guys! OneCoin is rebranded to ONE Ecosystem and running with full potential. Merchants from all over the world selling goods and services with ONE … [Read More...] about Wallet Recharge With ONE Payment [ Likely Exchange ]

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Recent Posts

  • What Is Merchant Coin [ONE Currency]
  • What Is ONE Ecosystem Future
  • Crypto Trade: How to Trade Crypto Safely?
  • What Is Blockchain Technology?
  • How to start making money with digital yuan?

Footer

About

Wjsnews.Com:  Bitcoin, Crypto, Tokens, Exchange & Wallets.

Here You Can Learn Cryptocurrency is very Simple And Understandable Language.

Our Aim Is To Deliver Honest & Valuable Information to Our Viewers.

Quick Guide

  • CBDC
  • Exchanges
  • Wallets
  • WazirX

Connect

  • Facebook
  • Instagram

Copyright © 2023 WJSNEWS All Right Reserved.

  • bitcoinBitcoin(BTC)$23,090.00
    BITCOIN
    24H : -0.15%
    Volume : $30,561,250,086.00
    Marketcap : $445,750,930,986.00
  • ethereumEthereum(ETH)$1,583.41
    ETHEREUM
    24H : -0.07%
    Volume : $6,654,884,699.00
    Marketcap : $191,162,824,520.00
  • usdex-stablecoinUSDEX(USDEX)$1.07
    USDEX
    24H : -0.96%
    Volume : $127,740.00
    Marketcap : $110,959,993,107.00
  • tetherTether(USDT)$1.000
    TETHER
    24H : -0.12%
    Volume : $38,438,109,978.00
    Marketcap : $67,825,000,166.00
  • usd-coinUSD Coin(USDC)$1.000
    USD COIN
    24H : -0.04%
    Volume : $2,605,831,987.00
    Marketcap : $42,290,544,978.00
  • binancecoinBNB(BNB)$309.53
    BNB
    24H : -0.75%
    Volume : $617,787,972.00
    Marketcap : $41,877,563,763.00
  • rippleXRP(XRP)$0.405
    XRP
    24H : 0.430%
    Volume : $1,032,253,951.00
    Marketcap : $20,566,765,790.00
  • binance-usdBinance USD(BUSD)$0.999
    BINANCE USD
    24H : -0.19%
    Volume : $8,315,981,449.00
    Marketcap : $16,096,311,141.00
  • cardanoCardano(ADA)$0.382
    CARDANO
    24H : 0.380%
    Volume : $465,717,843.00
    Marketcap : $13,416,800,753.00
  • dogecoinDogecoin(DOGE)$0.092
    DOGECOIN
    24H : -2.73%
    Volume : $1,537,000,251.00
    Marketcap : $12,654,860,060.00