Bitcoin went deep down – Why Does Crypto Crash?

Recent cryptocurrency downturns have wiped out huge amounts of wealth. Cryptocurrencies have had a rough start to the year. As of Jan. 26, Bitcoin (BTC) had lost about 20% in value year to date, and Ethereum (ETH) and Binance Coin (BNB) dropped about 30% and 25%, respectively, in that period, despite a late surge higher.