The great crypto crash: Five reasons why crypto is plunging to its 18-month low

The cryptocurrency market is plunging to a new low every day. Bitcoin, the world’s largest cryptocurrency is at its 18-month low, plunging to $20,407 (June 15). It is down by around 60 per cent so far this year. Meanwhile, the second-largest crypto Ethereum fell over 25 per cent to $1,040.

The global crypto-market has shrunk from $1.02 trillion to $983.72 billion, an 11 per cent decrease since Monday, according to CoinMarket cap. All major cryptocurrencies have been trading in the red lately, with the fall testing even long-term investors. Here we explain all the reasons that triggered the great crypto-market crash.