The Crypto Market Crash Why is the crypto market crashing
The entire crypto market crash 2021 was not an unexpected event. As the market boomed in 2017-2018, experts saw it coming. Why is the crypto market crashing?
The bullish run that started in September 2017 led to a rise in bitcoin prices, which went from $5,000 to $20,000 within a short period of time.
The bull run inflating the price of bitcoin and other cryptocurrencies also brought about a new breed of investors who didn’t have enough knowledge about the crypto market and blockchain technology.
These individuals poured in money into risky ICOs (Initial Coin Offerings) and hoping for quick returns. These investors were blinded by greed, and hence they invested in projects that had no future or potential.