The fall of cryptocurrency

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Moving ethereum to coinbase	Some sources claim a lot of Bitcoin was transferred from exchanges in the last seven days. Falling bitcoin Illustration: Guardian Design. Within four days, the luna blockchain was turned off entirely, the project declared dead. A domino effect took out other crypto establishments. Harsher crackdown on crypto is possible in many developing countries which may view crypto as a threat to their fiat currencies and monetary system," Bernstein's Harshita Rawat said in a note Tuesday.

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Cryptocurrency crash causes trillions of dollars worth of damage - 60 Minutes Australia
After an unprecedented boom in , the price of Bitcoin fell by about 65% from 6 January to 6 February Subsequently, nearly all other cryptocurrencies. The fall. In , cryptocurrencies are experiencing a significant downturn. This is due to external factors such as high inflation, but also. The U.S. Federal Reserve's stance on interest rate hikes has moved the crypto market upside down. Bitcoin crossed the level of $31, in July.