Why is the crypto market down today?
Cointelegraph
Published Oct 07, 2022 12:44PM ET
Updated Oct 08, 2022 02:40PM ET
Crypto prices are falling on Oct. 7 as Bitcoin (BTC) failed in its attempt to lock in gains above the $20,500 level. For the past 115 days, BTC price has been pinned between $17,600 and $24,500, and the current price action simply shows Bitcoin trading within the lower section of the range.
Ether (ETH) and a majority of altcoin prices are also seeing single-digit losses. Generally, the crypto market is tracking the pullback taking place in equities markets, with the S&P 500, Dow and Nasdaq down 2.16%, 1.62% and 3.03%, respectively.
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Written By: Cointelegraph
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