Why Have Cryptocurrencies Dropped at Breaking News

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Why Have Cryptocurrencies Dropped, All crypto coins are linked to bitcoin, or ethereum. This is how the prices for the three biggest names in the cryptocurrency look like from 9:50 a.m. If you look at the graphs of these 2 coins, and see the time stamps when they rise and fall, you'll see they are identical.

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For example, if any of the largest cryptocurrency exchanges are hacked, investors will sell their holdings as they fear that the security of the cryptocurrency ecosystem is compromised. Most cryptocurrencies lost between 7% and 22% of their value and shares of coinbase dropped 5.4. Bitcoin slumped to $30,202 before recovering to $38,038, down 12% on the day, according to coindesk.

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Btc) has decreased by 2.3% in the last 24 hours, according to coindesk. All crypto coins are linked to bitcoin, or ethereum. Btc)is down 2.3% over the last 24 hours, according to data from coindesk. What people don't realize is that the entirety of. “the movements in cryptocurrency markets have been correlated to the selling seen in higher risk assets like technology stocks as investors prepare for tighter monetary policy from the u.s.