Why Is The Crypto Market Crashing Today?

CoinMarketCap10-04

With how positive the end of September was in the crypto market, no one would have imagined a bloody start for October. The market suddenly dropped on October 1, which ruined traders’ hopes for a good...

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The market suddenly dropped on October 1, which ruined traders’ hopes for a good...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/66fef1c052ad090831155d32/\">Source Link</a>\n\n</div>\n","source":"coinmarketcap_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Is The Crypto Market Crashing Today?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Is The Crypto Market Crashing Today?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-04 03:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://coinmarketcap.com/community/articles/66fef1c052ad090831155d32/><strong>CoinMarketCap</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>With how positive the end of September was in the crypto market, no one would have imagined a bloody start for October. The market suddenly dropped on October 1, which ruined traders’ hopes for a good...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/66fef1c052ad090831155d32/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FETH","symbol_name":"Fidelity Ethereum Fund","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/66fef1c052ad090831155d32/","article_id":"2472300625","we_media_id":null,"thumbnails":["https://academy-public.coinmarketcap.com/srd-optimized-uploads/aba553755a4344a79c0aca2fd5a3f869.png"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2472300625","pubTimestamp":1727984063,"columns":[],"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"With how positive the end of September was in the crypto market, no one would have imagined a bloody start for October. The market suddenly dropped on October 1, which ruined traders’ hopes for a good “uptober.”.Bitcoin and Ethereum prices experienced a dip that saw the total value of all cryptocurrencies fall by more than 1.3% to over $2.22 trillion. This shaky market was caused by several things, which are explained below.Middle Eastern geopolitical unrest had a big slam on digital assets and traditional financial markets over the past two days. Recent reports suggest potential escalations involving Iran, Lebanon, and Israel, raising concerns over the global economic landscape.The US is sending a few thousand troops to the Middle East, to bolster security and defend Israel if necessary, the Pentagon said Monday. This news was announced yesterday evening, following Israel's raids into Lebanon.— unusual_whales  October 1, 2024. Furthermore, both stock and cryptocurrency markets fell a ","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"FETH":"Fidelity Ethereum Fund","EZET":"Franklin Ethereum Etf","BK4585":"ETF&股票定投概念","CETH":"21Shares Core Ethereum ETF","BK4588":"碎股","QETH":"Invesco Galaxy Ethereum ETF","IBIT":"iShares Bitcoin Trust","ETHV":"Vaneck Ethereum ETF","BK4594":"比特币ETF概念","ETHE":"Grayscale Ethereum Trust"},"translate_title":"为什么加密市场今天崩溃了？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ETHE":1,"CETH":0.9,"ETHV":0.9,"EZET":0.9,"FETH":0.9,"IBIT":0.9,"QETH":0.9},"content_text":"With how positive the end of September was in the crypto market, no one would have imagined a bloody start for October. The market suddenly dropped on October 1, which ruined traders’ hopes for a good “uptober.”. \nBitcoin and Ethereum prices experienced a dip that saw the total value of all cryptocurrencies fall by more than 1.3% to over $2.22 trillion. This shaky market was caused by several things, which are explained below.\nMiddle Eastern geopolitical unrest had a big slam on digital assets and traditional financial markets over the past two days. Recent reports suggest potential escalations involving Iran, Lebanon, and Israel, raising concerns over the global economic landscape. \n\n\n\nThe US is sending a few thousand troops to the Middle East, to bolster security and defend Israel if necessary, the Pentagon said Monday. This news was announced yesterday evening, following Israel's raids into Lebanon.— unusual_whales (@unusual_whales) October 1, 2024\n\n\n\nAccording to Unusual Whales, the U.S. had intelligence suggesting that Iran may soon launch a missile attack against Israel. Israeli Prime Minister Benjamin Netanyahu’s statement about further actions heightened market anxieties.\nInvestors are more worried about rising prices because of this and the higher cost of oil. However, this might stop the US Federal Reserve from lowering the interest rates more. \nFurthermore, both stock and cryptocurrency markets fell a lot as price worries grew. On Oct. 1, Bitcoin dropped 2.6% to $61,503 before slightly recovering, while Ethereum experienced a brief 12.6% decline before stabilizing.\n\n\n\n   Celebrate Dogecoin and Make Big Gains with Doge2014!\n  \n\n\n\n\nDoge2014 raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop! Show more +Show less –\n\n\n\n\nWhale Activity and Outflows from Bitcoin and Ethereum ETFs\nLarge sell-offs from crypto whales have worsened the downturn in the crypto market. According to Lookonchain, an early Ethereum ICO participant sold another 19,000 ETH, worth $47.54 million, over the past two days. This sell-off contributed to increased volatility in the market.\n\n\n\nThis #Ethereum ICO participant sold another 19,000 $ETH($47.54M) in the past 2 days!The participant received 150K $ETH(ICO cost was $46.5K, now worth $358M) at #GENESIS.https://t.co/WbaTNzh5T4 pic.twitter.com/p82RcPRYMd— Lookonchain (@lookonchain) October 3, 2024\n\n\n\nFurthermore, a contributing factor to the depreciation of Bitcoin and Ethereum was ETF outflows. In another tweet, Lookonchain mentioned that there was a net withdrawal of 646 BTC, or $39.02 million, from Bitcoin ETFs. \n10,828 ETH worth $25.23 million left the Grayscale Ethereum Trust (ETHE), marking a notable withdrawal from Ethereum ETFs as well. These withdrawals have decreased liquidity and put downward pressure on pricing.\n\nImage Source: X/LookonChain\n\n\nRead Also: Cardano (ADA) Price Correction Not Over Yet: Analyst Warns of Final Drop Before Recovery\nLiquidations and Market Volatility\nThe market has become more volatile due to increasing liquidations, whale sell-offs, and ETF withdrawals. The falling cryptocurrency prices are causing many people to sell, which is pushing the market even lower. \nAs people lose faith in cryptocurrencies and their total value goes down, the whole field is getting weaker. However, as tensions in global politics continue to unfold and liquidations increase, market participants are closely monitoring developments for signs of stability.\nFollow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.Get all our future calls by joining our FREE Telegram group.\n\n\n\n \n\n\n We recommend eToro \nDon’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more\n\n\n\n Visit eToro Now \n\n\n\n Active user community and social features like news feeds, chats for specific coins available for trading.  Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.  Copy trading: allows users to copy the trades of leading traders, for free.  User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.\n    \n\n\n\n\nThe post Why Is The Crypto Market Crashing Today? appeared first on CaptainAltcoin.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2472300625"}