Why is all cryptocurrency going down

why is all cryptocurrency going down

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WHY CRYPTO GOING DOWN ? BITCOIN MATIC PRICE ANALYSIS - WHY CAKE TOKEN DOWN - WHAT IS THE FUTURE ?
The price of Bitcoin (BTC) fell to a two-month low over recent days, down 7% on the week thanks to ongoing worries about crypto market. Ethereum (ETH) fell nearly 11% on the week, while Solana (SOL) is down more than 10%. Featured Cryptocurrency Partner Offers. Crypto prices can be dramatically affected by major events, such as exchanges or coins crashing. They can also sink with higher interest rates.
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Bitcoinica

Regulatory pressures, including an allegation by New York regulators that Ethereum, the second-most valuable cryptocurrency, is an unregistered security [0] New York Attorney General. What should I do? But there are signs that the crypto market is starting to recover. They are backed by fiat currencies like the US dollar, gold, and even other cryptocurrencies. As a rule of thumb, don't invest more than you can afford to lose in risky assets like crypto.