Crypto Prices Collapse: How Much Worse Can It Get?

Collective Shift

Join Matt and Nick as they break down why Bitcoin and the broader cryptocurrency market have sold off heavily, exploring potential reasons such as growing recessionary fears, changing election odds, and the strengthening Japanese yen.
Key Takeaways

• Crypto prices have tumbled amid broader selling of risk-off assets caused by several reasons.
• These reasons include growing fears of a U.S. recession, a tightening of the election race, and heightened uncertainty surrounding Japan’s economy.
• Among the altcoin updates covered: Avalanche used by the Californian DMV and Lido’s institutional offering.