why is the crypto market crashing even though everything seems to be fine ?
The recent cryptocurrency market crash has wiped out billions of dollars in just 24 hours. Two main reasons are causing this sudden drop:
U.S. Tariff Increase: The U.S. has imposed a 25% tariff on goods imported from Mexico, Canada, and China, which could lead to a trade war. As a result, investors are pulling their money out of crypto and stock markets, seeking safer investments like bonds.
Kraken Delisting USDT: The Kraken cryptocurrency exchange announced it will remove USDT (Tether) and several other stablecoins (like PayPal USD and Euro Tether) on March 31st. This news added pressure to the market, leading people to sell their assets and move to safer options.
These two developments are fueling fears and causing people to shift their investments away from riskier assets like cryptocurrencies.
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