Commodities Views News. Forex Forex News. Currency Converter. Presented By. Rate Story. Font Size Abc Small. Abc Medium. Abc Large. Related Is crypto market in for long winter after latest bout of selling? Russia's central bank calls for crypto crackdown Crypto.
And the superlatives have piled up really quickly. With the Federal Reserve intending to withdraw stimulus from the market, riskier assets the world over have suffered. Other digital currencies have suffered just as much, if not more, with Ether and meme coins mired in similar drawdowns. While there have been much larger percentage drawdowns for both Bitcoin and the aggregate market, this marks the second-largest ever decline in dollar terms for both, according to Bespoke Investment Group.
Also, ETMarkets. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds. Powered by. Check out which Nifty50 stocks analysts recommend buying this week. Midcap stocks with high upside potential: Stock Reports Plus.
View More Stories. Subscribe to ETPrime. Find this comment offensive? This will alert our moderators to take action Name Reason for reporting: Foul language Slanderous Inciting hatred against a certain community Others. Your Reason has been Reported to the admin. Fill in your details: Will be displayed Will not be displayed Will be displayed. Share this Comment: Post to Twitter. And it's not alone: Other digital currencies such as Ether have also seen major decreases in value, illustrating a worrying trend.
If prices go down, they have to pay the brokerage firm back in what's known as a “margin call.” As part of that, there's often a set price that. A fourth reason cryptocurrencies are crashing is margin debt. Margin is the amount of money borrowed with interest from a brokerage to. 5 Reasons Cryptocurrencies Can Crash in Margin describes the amount of money investors are borrowing with interest to purchase or.