Terms of the offer
Crypto market liquidations hit $1.37 billion as a whale gains over $36 million shorting key digital currencies. For the world of crypto, 2022 started with exuberance and ended with its unofficial spokesman in handcuffs. Crypto market crash driven by U.S. traders The crash came even as U.S. stock markets like Nasdaq and S&P 500 stayed in the green, signaling that the sell-off was crypto-specific rather than triggered by broader financial markets, as per Decrypt. Crypto analyst Maartunn from CryptoQuant said Ethereum’s charts showed “signs of fragility” and that U.S. traders were likely driving the sell pressure. The crypto market is going through one of its toughest phases in months. While Bitcoin has managed to hold up relatively well, most altcoins have taken a sharp hit, leaving traders wondering why altcoins are crashing so hard right now. Why Crypto is Dropping? Crypto analyst Michaël van de Poppe explains that one major reason behind the steep fall is the limited tradable supply. He points out that if only about 10% of an altcoin’s total supply is available for trading, any large sell order ...
