<p>At this point, most investors in cryptocurrencies aren't idealistic, early-adopters of blockchain; they're traditional investors and institutions that have simply added crypto as part of their larger portfolio. These firms buy and sell crypto assets almost in tandem with large tech stocks. So we're now seeing the crypto market virtually mirror the tech-dominated NASDAQ exchange. Over the past few months, price movements of Bitcoin and the NASDAQ composite have had a positive correlation of 0.82. So it is really &quot;digital gold&quot;?</p>

CC BY-SA 4.0
2022-05-12T21:44:57.083Z
2022-05-12T21:44:57.083Z
freighttrainer
<p>There's a big crypto crash happening lately, which basically affects almost every crypto currency.</p>
<p>Which are the likely reasons something like this could be happening?</p>

<cryptocurrency>
Which are the likely reasons of the crypto crash?
user2638180
# Which are the likely reasons of the crypto crash?

(Asked by: username_0 on 2022-05-12)

There's a big crypto crash happening lately, which basically affects almost every crypto currency.

Which are the likely reasons something like this could be happening?

**Tags:** cryptocurrency

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## 1 answers

### Answer by username_1 on 2022-05-12. Score: -1

At this point, most investors in cryptocurrencies aren't idealistic, early-adopters of blockchain; they're traditional investors and institutions that have simply added crypto as part of their larger portfolio. These firms buy and sell crypto assets almost in tandem with large tech stocks. So we're now seeing the crypto market virtually mirror the tech-dominated NASDAQ exchange. Over the past few months, price movements of Bitcoin and the NASDAQ composite have had a positive correlation of 0.82. So it is really "digital gold"?


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