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Why is the Cryptocurrency Market Crashing Yet Again?

<h1 style="clear:both" id="content-section-0">Cryptocurrency Latest News and Updates - Business Standard for Beginners<br><img width="324" src="https://www.snapperbuzz.com/wp-content/uploads/post-2-12-533x261.jpg"><br></h1>
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<p class="p__0">Bitcoin and Dogecoin costs have dipped significantly to 10 and 12 percent respectively. On May 19th, Wednesday, the cryptocurrency market started dipping with Bitcoin and Dogecoin crashing down in its rates. This pressure is being witnessed after the rapid increase of the market worths of lots of cryptocurrencies just recently. We experienced how the Dogecoin craze lowered lots of crypto exchange networks like Wazir, X.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://blockonomi-9fcd.kxcdn.com/wp-content/uploads/2021/05/tronpad-370x245.jpg" alt="InteractiveCrypto fast becoming traders favourite crypto news platform"><span style="display:none" itemprop="caption">Get the Latest Update and News of Cryptocurrency - Cryptocurrency, Cryptocurrency news, Bitcoin</span>
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<p class="p__1">Ethereum, which rose to popularity recently with striking record heights of market price also weighed down with more than 10% declines in the prices nowadays. Among all these cryptos, the most astonishing crash was that of Bitcoin, which dipped to a price of USD37,525 with a reducing value of more than 15% in the last 24 hr according to Coindesk.</p>
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<p class="p__2">This unexpected crash can be the outcome of events that took place recently. On May 12, Elon Musk tweeted that Tesla has suspended the sale of Bitcoin and using it in any deals. The choice was because of environmental concerns. Tesla's CEO mentioned that Bitcoin mining utilizes nonrenewable fuel sources that have the worst emissions.</p>
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<h1 style="clear:both" id="content-section-1">The smart Trick of Crypto News: Why Is Crypto Crashing Today? - InvestorPlace That Nobody is Discussing<br></h1>
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<p class="p__3">After this came the crackdown from the Chinese Banking market as it provided a statement that cautioned versus the trade and exchange of cryptocurrency. According to reports, this declaration was an action towards China's clampdown on the virtual currency and its development. This Website -down of Bitcoin costs after these 2 successive declarations was substantial.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://sayoho.com/wp-content/uploads/2021/05/Crypto-News.jpg" alt="How To Get Latest Crypto News Round The Clock - František Juriš"><span style="display:none" itemprop="caption">Crypto News Alert - coinmarketalert</span>
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<p class="p__4">The Tesla CEO's announcement sent shockwaves to the crypto neighborhood as Musk had recently revealed that he purchased Bitcoin worth USD1. 5 billion. The cryptocurrency market is under a serious collapse, and traders and investors are under pressure. We need to wait and see how the market is going to alter in the coming days.</p>
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<p class="p__5">Bitcoin, Ethereum (ether), and Cardano (ada) are taking pleasure in a period of relative stability over the weekend, shifting by less than 1 percent in rate because Friday. The headings have actually instead been taken by NSFW altcoin Cum, Rocket, which received an emoji recommendation from Elon Musl. Following a quiet couple of days at the start of June, favorable news about dogecoin being contributed to Coinbase saw an abrupt surge in price for the meme-inspired cryptocurrency at the end of the week.</p>
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