Ethereum has been crashing recently and I'm trying to understand why. The price has been dropping significantly and I'm concerned about my investment. I'm looking for insights into the reasons behind Ethereum's crash.
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MysticMoonWed Apr 16 2025
As a result of the tariffs, investors have become more risk-averse, leading to a decrease in the overall market capitalization of cryptocurrencies. According to Bloomberg, the crypto market cap has fallen by $800 billion since January.
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LuciaWed Apr 16 2025
Ethereum, being a volatile altcoin, has been particularly affected by this market downturn. In just three months, the price of ETH dropped by a staggering 65%, from $4,091.
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MargheritaWed Apr 16 2025
In comparison, Bitcoin, the largest cryptocurrency by market cap, has also experienced a decline but to a lesser extent. Bitcoin's price fell by 23% during the same period.
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CryptoEliteWed Apr 16 2025
The decline of ETH has been a significant event in the cryptocurrency market.