The post Why Crypto Market is Down Today? Bitcoin below $95,000 appeared first on Coinpedia Fintech News
Bitcoin has sent the community in shock by nose diving 11.25% in the past 3 days. It lost almost $12,000 from its value and is currently trading at $94,715 and the crypto market faced a $1.10 billion liquidation. This is a great time for bears while long traders are paying hefty prices. Let’s see what is happening and why crypto market is down today.
El Salvador’s $1.4 B Loan
El Salvador being the first country in the world to accept Bitcoin as a legal tender, has been receiving backlash from traditional institutions. The International Monetary Fund (IMF) has been warning the nation to change their Bitcoin policy. They have been urging El Salvadore to limit public sector exposure to the crypto however, the nation never listened.
Now, there is a deal between the Bitcoin country and the IMF, a loan of $1.4 billion to support their economy. This still has to be app
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