Is There a Crypto Market Crash Coming?

To start the week off, major cryptocurrency tokens Bitcoin, Ethereum, Solana, and Cardano have all fallen. That’s just to name a few of the declining cryptocurrency rates today, and it has some market analysts predicting an impending price crash for the entire crypto industry.

This Week’s Market Decline

To give you more specific numbers, Bitcoin (BTC) is down 2.22% as of this writing, which is minor, but accompanied by the other low numbers for major cryptos, it could indicate a worrying trend.

Ethereum (ETH) is down 4.02%, with Solana (SOL) falling an even greater 5.17%. Cardano (ADA) is down an alarming 5.25%, and this list goes on for most every major crypto token this morning. It’s not a good start to the week for investors, and the numbers look to be moving down even further at press time for this article.

We could be seeing a trend of downward movement that continues throughout the day and even the rest of the week.

Last week, Bitcoin entered an unstable, but mostly bearish movement, after having a good week previous to that. From late in March, Bitcoin rose 15% in a single week. The rates held mostly steady over the next week, hovering around the $46,000 (BTC/USD) mark.

By April 5^th, Bitcoin was in decline, falling nearly 16% in less than a week and losing all of the gains from late April. This week continues the trend of bearish movement, putting not just Bitcoin, but the entire market in a dangerous position that some market experts over at Forbes are calling a “free fall”.

Should Investors Be Worried about a Crash?

The question now is how long and how far the rates will continue to drop. Will we see declining numbers for all the major cryptos (and therefore the bulk of the market) over the next week?

Bitcoin has already fallen below the crucial $40,000 level, where many investors are watching to determine if it is time to stop trading.

Ethereum is below $3,000 now, which we haven’t seen since the middle of last month. Solana is also looking at levels akin to where it was at in mid-March.

What this means is that all the gains we saw in late March and early April have basically vanished. That is going to hurt consumer confidence in these cryptos, as investors who were seeing promising returns may start to bail. When the price drops like this, it can start a massive series of sell offs that doesn’t end until the market crashes precipitously. It’s too early to say for sure if there is a crash coming in the next week or two, but it is not out of the question, and investors need to be watching their crypto tokens closely for signs that they should hold off on investing more.