The recent cryptocurrency meltdown wiped out huge amounts of money.
As of May 12, bitcoin (BTC) had lost nearly 40% in value on the year, while ethereum (ETH) and Binance Coin (BNB) were down about 48% over that period.
If you are a crypto investor, you would like to know what to look out for so as not to get burned by the crypto crash.
Here are reasons why cryptocurrencies crash?
Crypto investors are reaping huge profits.
Lack of liquidity in cryptocurrency markets.
The end of the pandemic-era effect.
The war in Ukraine may be the reasons why cryptocurrencies crash.