What Went Wrong With Crypto? A Postmortem

Crypto’s latest drawdown hit the majors in size: b

What Went Wrong With Crypto? A Postmortem

What Went Wrong With Crypto? A Postmortem

Crypto’s latest drawdown hit the majors in size: bitcoin fell about 8.1% over the past 24 hours and is down roughly 29.5% over the past 30 days, while Ether dropped about 9.4% on the day and about 41.4% over the past month; XRP was off about 10.3% in 24 hours and roughly 42.7% over 30 days, and Solana slid about 12.3% on the day and around 42.8% over the month.

Bitcoin needs a weekly close above the 200-week EMA, 1-week chart | Source: BTCUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

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