What r the Reason For Crashing Bitcoin

The global crypto markets are crashing again today after days of remaining sluggish with minor gains.

The cryptocurrency markets are reflecting the downturn in global financial markets. The US equity markets traded low on Tuesday.

The Bitcoin trade charts show the top cryptocurrency has closed below the 200-week Moving Average (MA) for the second week in a row.

While the global crypto market cap and top coin prices are falling, the market volume has jumped 3.62 over the last 24 hours, indicating crypto sell-off by traders

1% TDS in India: A new tax rule in India from tomorrow will mandate the deduction of 1% TDS on every crypto purchase.

One of the largest global NFT marketplace OpenSea has reported a data breach. An employee of the platform has discovered that email management platform Customer.io

One of the largest crypto exchanges Coinbase is reportedly selling geolocation data to the U.S. Immigrations and Customs Enforcement agency (ICE).

THedge Funds shorting USDT: Reports suggest that various hedge funds are betting against Tether (USDT), which is currently the largest stablecoins.ph (p)