We’re motley! Buterin recently moved more than $2 billion worth of crypto and it spooked investors. A crypto crash is underway with several of the most popular cryptocurrencies taking a beating. That includes $1 billion worth of crypto tokens inspired by Dogecoin being donated to the India Covid Relief Fund. Source: www.thesun.co.uk. What Will the Stock Market Do Today? Over the weekend, rumors circulated that the U.S. Treasury was set to charge several financial institutions with money laundering using cryptocurrencies. According to Musk, Tesla will continue to hold the Bitcoin it already has and won’t sell it. Why cryptocurrency is going down now? The price of bitcoin is down 4.1% over the past 24 hours, according to coindesk. Why is crypto going down right now ? Why Is Crypto Down Right Now - Is Instagram down right now? The may 21 date that xrp investors need to know. Of course, Musk is taking all the blame for the crypto crash today. The drop in cryptocurrencies today was driven by Elon Musk's comments over the weekend about Dogecoin and Bitcoin. That's caused a big drop in cryptocurrencies like Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), and Dogecoin (CRYPTO:DOGE). If it isn’t clear to you by now that blockchain is here to stay, then … In november we see a major crypto crash. Investigating - We will perform system maintenance for Spot and Margin Trading on the Crypto.com Exchange starting from 08:00 HKT (00:00 UTC) on 14 May 2021. @Mr_Farenheit_ I agree with @mcuban that the major issue holding Dogecoin back is Robinhood's lack of a wallet system. Cumulative Growth of a $10,000 Investment in Stock Advisor, Why Crypto Stocks Dropped Like Rocks Today @themotleyfool #stocks $BTC $TSLA $GBTC $MARA $RIOT $CLSK $DOGE $ETH, Copyright, Trademark and Patent Information. 2021-05-17 04:05:32. The way the market works, the price is only about the last trade and if the sellers hold back and the momentum is … 15, the entire market has been in decline. Five years ago, if you wanted to invest in the crypto market, it was hard to find much information on many of the projects. The fact that all of this is happening because of a few tweets from Elon Musk is equally concerning long-term. Hi, i fully commited to crypto around 1 month ago and this is the first time i am experiencing a big dip, i am on a loss now but from what i have learned from over the years of looking into crypto i have ZERO intentions of selling, im holding on. In two days, chinese new year kicks off, and all of china celebrates in a big way. We all are know that money knows no nationality, i think right now there are dumping time happened in the market. Everyone knows that crypto prices are extremely volatile. Why crypto go down ? All rights reserved. Returns as of 05/19/2021. 2021 InvestorPlace Media, LLC. Last week, Musk said that Tesla (NASDAQ:TSLA) will stop taking Bitcoin as payment for vehicles and yesterday he indicated that Tesla could sell all of its Bitcoin. Get an overview of cryptocurrencies. Why is crypto down right now. Our Cryptocurrency News feed is a one stop shop destination on all the latest news in crypto. Cryptocurrency News today play an important role in the awareness and expansion of of the crypto industry, so don’t miss out on all the buzz and stay in the known on all the Latest Cryptocurrency News. Source: images.s.perthnow.com.au. On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. Stock Advisor launched in February of 2002. Why Is Crypto Going Down Right Now : Don T Be Bummed Up About Doge Everything Is Going Down Right Now It S Crypto Market It Goes Up And It Goes Down All The Time Just Remember To Keep Your Head Cool / The crypto market is down because regulation is just beginning.. Tesla is no longer accepting Bitcoin for payments, $1 billion worth of crypto tokens inspired by Dogecoin, Cardano (ADA) Price Predictions: Why ADA Just Hit a Record High Despite Today’s Crypto Crash, Ripple Crypto News: The May 21 Date That XRP Investors Need to Know, #Doge4Tesla: Dogecoin Bulls Send Out a Rallying Cry for Tesla to Accept DOGE, 7 High Quality Industrial Stocks to Buy Now, Louis Navellier and the InvestorPlace Research Staff, Don’t Be This Guy and Miss Out on Millions. .right now it is 7000+ and it is not just guys to watch crypto, but those who cryptocurrency depends on. It would be presumptuous to say that i know something that informed readers do not. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Copyright © To start off with, let’s take a look at some of the cryptos being affected by today’s crash. That caused worry among ETH investors that the co-founder was about to trade to crypto for cash. How You Could Double Your Money at Least 6 TIMES This Year. Why are crypto markets down? The cryptocurrency was the center of a financial bubble in 2017, when the price spiked to almost $20,000 amid unprecedented investor hype—before crashing. 1125 N. Charles St, Baltimore, MD 21201. Travis Hoium has been writing for fool.com since July 2010 and covers the solar industry, renewable energy, and gaming stocks among other things. Why is the crypto market down today reddit : Robinhood has lots of issues with crypto right now. What caused this crypto crash? But for miners, the issue could be even worse. When an underlying currency or commodity, like cryptocurrency, falls it's no surprise that holders of the asset and producers, known as miners, drop as well. See all about rankings, charts, prices, news and real-time quotes. At 2:30 p.m. EDT the stocks were down 9.3%, 10.4%, 13.4%, and 8.9% respectively. Cryptocurrencies may have a future in financial transactions, but right now it's a speculative area and that's not where I'm putting my money today. In two days, Chinese New year kicks off, and all … Bitcoin plunged to near $30,000, continuing a major sell-off that began a week ago. He said this decision was made in connection to the effect mining and transactions of the crypto have on the environment. % of readers think this story is fact. Not everyone plans to be broke. Today, some of the biggest losers are CleanSpark (NASDAQ:CLSK) with a 10.7% drop, Riot Blockchain (NASDAQ:RIOT) with a loss of 13.5%, Grayscale Bitcoin Trust (OTC:GBTC), which dropped as much as 14.4%, and Marathon Digital Holdings (NASDAQ:MARA), which lost as much as 12% of its value. So, when the price of crypto assets drops it has a magnified effect on the bottom line for these companies.