What's Driving The Cryptocurrency Selloff?

Bitcoin Price Has Nearly Halved In Value Since November Peak. Assets Have Seen Selling Since The Start Of 2022. Global Crypto Market Down 3% At $1.6 Trillion. Crash Due To Institutional Selling In Risk Assets. Bitcoin Price Drops 27% YTD; Nasdaq Loses 13%. Altcoins Are Bearing The Brunt Of The Selling. 43 Crypto Coins Have Lost Over 50% Of Their Value In A Day. Uncertainty Persists Ahead Of Fed's Rate Decision On Wednesday. Russia, Last Week, Proposed A Ban On Use And Mining Of Cryptocurrency. China Has Also Cracked Down On Cryptocurrency. On Sep 24, PBOC Banned Cryptocurrency Transactions In China. Biden Administration Could Be Formulating Regulations For Digital Assets.

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