Why Is Crypto Crashing? 5 Reasons Bitcoin Might Go Below $10k

The entire crypto market has seen a steady decline in price charts and has been greatly affected by major crypto events including popular exchanges and coin crashes. 2022 has already faced a crypto winter where big coins like BTC are already in the red, which may be due to some big reasons. Although BTC is currently trading around $16,000 at the time of writing, especially after experts in the FTX-Binance dispute raised concerns that the popular coin could fall below $10,000. In this situation, many investors are focusing on new emerging brands that are doing well in the market before they sell out to beat the ongoing wild market. Some of the coins that will be mentioned in this year's pre-sale are D2T, TARO, IMPT and RIA - each of them offers unique features and the potential to shine in the future. -make them the best option to buy before 2023.

Before we take a look at the most powerful crypto projects of this year, let's find out why the crypto market is down now and why BTC will fall below the $10,000 mark in the coming months. Why did crypto crash? Reasons for the decline of BTC

Although crypto crashes are not new in the field of digital assets, there have been some changes when it comes to Bitcoin price changes. What used to be crypto-specific events driving price changes now represent macroeconomic factors that have a similar effect on global financial markets.

1. Changes in FTX

While there are many things affecting crypto prices, the most recent is definitely the FTX-Binance dispute. FTX, which made it one of the most popular crypto exchanges, almost collapsed. The FTX crash affected all markets and major currencies like BTC, which fell more than 70% after November 6.

2. Increase in interest

Rising interest rates are the main reason behind this year's crypto crash, and the reason BTC has been in the red lately. Since the pandemic, the United States and other parts of the world have experienced record high inflation. As a result, many central banks and the US Federal Reserve have raised interest rates to reduce inflation by reducing the money supply. One of the reasons for the continued decline in the price of BTC is actually the high interest rates that have marked the price performance of this year's crypto. 3. Terra Luna crash

Another reason for the decline of BTC in the crypto market is the decline of the stablecoin TerraUSD from the US dollar, which ultimately caused the decline of crypto Luna. In the middle of 2022, LUNA fell over 95% in one day, which caused many cryptocurrencies to suffer and face a decline in the price chart.

4. The desire is going on with the BTC price

Luna's dumps also apply to the BTC market doing well, help with the price of BTC. Since the time $ 68,000 and November 2021 and its current conversation of $ 16,000, the Btc has been installed more than 70%. 5. Definitions and tricks

It is common for investors to sell their assets whenever the crypto market falls to avoid further losses. This situation worsens when whales sell their assets which causes the crypto to be manipulated and causes the market to crash by selling a significant part of the asset. The crypto market is fueled by FUD or fear, uncertainty and doubt that affects real estate markets. Options that can be explored before 2023

Although it is undeniable that the crypto market has been falling continuously in recent times. However, that hasn't stopped some pieces from potentially appearing this year. Change Dash 2

The Dash 2 trading system provides trading signals, notifications for new coin listings and sales launches, social trading options and more to help the trader make better trading decisions, especially in 'turbulent market today.

RobotEra

The game allows users to buy land and create a virtual reality operating in the metaverse. IMPT.io

The blockchain project raised more than $13 million in its presale and is still attracting investors from around the world to help make the world a better place by reducing its carbon footprint.

Calvary

Last but not least, Calvaria is a new P2E card game that many investors have been looking at recently.

Conclusion

The market is really low and capital like BTC is suffering. If you are ready to invest in alternative investments such as D2T, TARO, IMPT and RIA, now is a good time to do it before the price rises. Invest now to get these icons at discounted prices before it's too late.