Crypto

Bitcoin And Ethereum Falling Down: What Has Happened To The Top Cryptocurrencies?

Read this blog to find out why the two biggest cryptocurrencies in the world, Bitcoin and Ethereum, are falling down since November 2021.
April 18, 2024
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Bitcoin and Ethereum are the biggest cryptocurrencies in the world with a combined market cap of over a trillion dollars. In fact, BTC and ETH are so popular they have become synonymous with the term “cryptocurrency”. 

Truth is, Bitcoin and Ethereum aren’t just popular on paper - their gains and losses have real-life implications. When BTC and ETH go up, cryptocurrencies are viewed favourably.

If BTC and ETH fall, chances are you’ll hear terms like “correction”, “bear market”, and “buy the dip”. If you’re reading this blog, you must’ve heard these terms being thrown around or you’re a worried BTC/ETH investor. 

What Is Happening To Bitcoin And Ethereum?

Since the start of the year, BTC and ETH have been dropping like 40 somethings during happy hours. BTC is more than $23,000 off its most recent high from November 2021. 

ETH is down by $2,700 during the same period. Cryptocurrency prices have shown the tenacity for being volatile over the years, but this particular bear run seems to have spooked investors like never before. 

Some have argued that the meteoric rise of Bitcoin and Ethereum in 2020 and 2021 is partially to blame for the mass panic. Think of the investor who got into BTC at $60,000 in November 2021. 

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