Crypto Market Suffers Huge Crash. Here’s Why.
The crypto market is currently in a huge dip. One major reason for the dip is President Biden’s signing of the new infrastructure bill. This bill affects American cryptocurrency traders because their market gains will be reported. The crypto market is met with a bloody Tuesday, as most cryptocurrencies are experiencing a massive dip. Despite being coined “Moonvember”, the month has left even top assets like Bitcoin and Ethereum reeling from the roller-coaster crash. As seen on the image above, only the stablecoins Tether (USDT) and USD Coin (USDC) are in the red, given that they are pegged to the