Why is the crypto market down today?👇 The cryptocurrency market took a hit today, with the total market capitalization dropping by over 2.5% to about $3.15 trillion on Feb. 7.
While the crypto market is known for its volatility, several concrete factors have contributed to this latest dip, including: •Liquidations across the crypto market pulling down crypto prices. •Investors are in risk-off mode ahead of US jobs data for January. •Weakening market technicals hint at further downside.
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Why is the crypto market down today?👇
The cryptocurrency market took a hit today, with the total market capitalization dropping by over 2.5% to about $3.15 trillion on Feb. 7.
While the crypto market is known for its volatility, several concrete factors have contributed to this latest dip, including: •Liquidations across the crypto market pulling down crypto prices.
•Investors are in risk-off mode ahead of US jobs data for January.
•Weakening market technicals hint at further downside.