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On thursday morning (utc 05:50 am), out of top 100 cryptocurrencies by market capitalization only three are in green. That caused a lot of uncertainty, and may be part of the reason for the crypto market crash. Among these, at least one. As bitcoin and ethereum collapse, elon musk brands radical dogecoin plan a 'great idea'. Serious regulation that will quash exuberance over crypto.
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A crypto crash is underway with several of the most popular cryptocurrencies taking a beating as so why is a crypto crash taking place today?
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As for the cause behind the recent dip, there are currently a handful of theories making the rounds at the moment.
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