Why Crypto Market Is Down Today: Moody’s U.S. Downgrade Triggers Sell-Off

Crypto Market Slides as Volatility Grips Both TradFi and DeFi Sectors

The cryptocurrency market began the week in the red on Monday, May 19, as both the traditional and decentralized finance sectors continue to experience volatility.Bitcoin (BTC) fell 1.2% on the day to $104,000, where it has been hovering for the past week. Ethereum (ETH) dropped by 4% to $2,463, easing slightly after last week's strong rally driven by the Pectra upgrade. Solana (SOL) recorded sharper losses, decreasing nearly 7% to $164, while X…

Bitcoin Taps $106,000 Before Tumbling as Ethereum Dips - WorldNL Magazine

In brief Bitcoin hit $106,000 before slipping 3.8% to $102,450 in a matter of hours Ethereum tumbled 4.3% on Monday to $2,400, prompting $264.4 million worth of liquidations The Federal Reserve warned that Trump's tariffs could cause inflation to rise, with Walmart also increasing its prices due to the trade war. Leading cryptocurrency Bitcoin has had a volatile start to the week as it rose 2.5% from $103,850 to $106,500 before slumping 3.8% t…

Bitcoin Taps $106,000 Before Tumbling as Ethereum Dips - Invest In Crypto News

In brief Bitcoin hit $106,000 before slipping 3.8% to $102,450 in a matter of hours Ethereum tumbled 4.3% on Monday to $2,400, prompting $264.4 million worth of liquidations The Federal Reserve warned that Trump’s tariffs could cause inflation to rise, with Walmart also increasing its prices due to the trade war. Leading cryptocurrency Bitcoin has had a volatile start to the week as it rose 2.5% from $103,850 to $106,500 before slumping 3.8% to …

Why crypto market is down today: Moody’s U.S. downgrade triggers sell-off

Bitcoin and other crypto prices dropped on Monday as risk-off sentiment spread across the financial market. Bitcoin (BTC) fell to $102,870 after trading near the $106,000 level on Sunday. Ethereum (ETH) declined to $2,400, while the total market capitalization of…

Altcoins Tumble as Moody’s Downgrade Triggers Crypto Sell-Off

The cryptocurrency market took a significant nosedive on May 19 as major altcoins, including Ethereum, Solana and XRP, plunged amid extreme uncertainty from many crypto investors over macroeconomic concerns. The drop was drastic and swift, following the recent downgrading of the U.S. credit rating by Moody’s from its persistent AAA rating to Aa1. The downgrade of a single notch and its ramifications triggered extreme discomfort for both traditio…

Crypto on the Rise: Why Bitcoin Could Smash Past $109K Soon

After plummeting to $76,000 and undergoing two months of consolidation, Bitcoin’s price seems to be making a strong comeback. Recently, it reached its highest level in 60 days, $105,000. If momentum continues over the next few weeks, we may witness a new ATH, exceeding the January peak of $109,350. One of the major catalysts behind this renewed rally is the US political and economic context, which has been heavily influenced by Donald Trump’s co…