Other coins like MATIC, Near Protocol, Algorand, EOS, IOTA, and Tezos have also erased most of the gains made earlier this year. This price is the lowest it has been since January.Ĭardano price tumbled to a low $0.2295, meaning it has plunged by almost 50% from the highest point this year. Similarly, Solana price dropped to $13.22, about 45% below the highest level this year. Jasmy price plunged to a low of $0.0031, the lowest level since January. This explains why many altcoins have done worse than Bitcoin. Some, like Robinhood and Kraken have already started delisting these altcoins. As such, we will likely see more exchanges delist many tokens. For one, the SEC believes that many altcoins like Cardano and MATIC are securities. The ongoing Bitcoin plunge will be worse for altcoins. Altcoins are more at risk Copy link to section For example, Bitcoin supply in exchanges has dropped to the lowest level in five years while outflows from exchanges has increased. Many investors have exited their crypto positions. This explains why the Dow Jones and the Russell 2000 indices dropped by more than 1%. While the bank decided to leave interest rates unchanged, the bank signaled that it will hike them by another 0.50% this year. First, there are concerns about the Federal Reserve. There are two main reasons why Bitcoin price has lost its key support. In contrast, the CNN Money fear and greed index jumped to the extreme greed area of 81. The Bitcoin fear and greed index has moved to the fear level of 41, signaling that investors are getting concerned about the industry. As a result, the total market cap of all cryptocurrencies dropped from the year-to-date high of $1.3 trillion to about $1 trillion. In all, the coin has crashed by more than $6,000 from its highest point this year. Bitcoin fear and greed index slips Copy link to sectionīitcoin price has come under pressure in the past few weeks as the recent rally faded. There are two ways covered in this guide. I’ve been there before so I decided to write this step-by-step guide on how to buy IOTA. Other altcoins like Solana, Jasmy, Litecoin, and Sui retreated to their lowest levels in months. I’ve seen many people asking what is the way to buy IOTA. It managed to drop below the important support level at $25,000, where it had struggled to move below this month. Trade Bitcoin (BTC), Ethereum (ETH), and more for USD, EUR, and GBP. Bitcoin (BTC/USD) price came under intense selling pressure as the fear and greed index moved to the fear area after the latest Fed decision.
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