Bitcoin crash

Slumped

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other cryptos

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falling prices

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covid impact

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Investments

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rotation of money

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2021 profits

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2022-expectations

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Bitcoin crash

Why are crypt0 prices falling in New Year?

Slumped

Bitcoin price has slumped to $43,030 from the high of over $47,700 on the 1st of January 2021

other cryptos

Ethereum, Solana, Cardano, Binance Coin etc also appear to be in a free fall since the start of the New Year

falling prices

The falling cryptocurrency prices have dampened the celebration mood of retail crypto investors

covid impact

The current price drop of BTC can be attributed to the uncertainty all markets are facing, with the spread of the Omicron variant

Investments

While retail investors have been largely indecisive on the asset, institutional investors have been increasing their stake in crypto

rotation of money

Alexander Cavendish, CEO of Hedonova attributed the current fall in crypto prices to the rotation of money from retail to institutional investors

2021 profits

In 2021, almost every top crypto token returned massive profits to retail investors

2022-expectations

While the same may not be expected to be repeated in 2022, but industry experts do hope for some stability