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CoinGape

CoinGape

Top 5 reasons why the crypto market is crashing today

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Bitcoin, ETH , XRP , Solana , Dogecoin , Toncoin, Cardano, and meme coins also succumbed to the crashing crypto market.

Weak ISM Manufacturing PMI data for August tumbled markets.

The crypto market has lost $160 billion in a week as market cap plunges to $1.98 trillion from $2.14 trillion .

Citi analysts suggested that a job growth of 125,000 , combined with an unemployment rate of 4.3% , will cause the Federal Reserve to cut interest rates by 50 basis points.

US DOJ has intensified its antitrust investigation into Nvidia by issuing subpoenas to the AI chip giant.

This brought back the Microsoft antitrust case in focus which crashed markets in 2000 .