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The Actual Reason Bitcoin is Crashing in 2024 (ACT NOW)Cryptocurrencies tanked on Wednesday. It was the first 'crypto crash' of Hundreds of millions of dollars in market value were wiped out. Trading volumes across the crypto market have taken a hit due to a number of factors, including volatility, earnings season and macroeconomic. Bitcoin is a highly volatile cryptocurrency with a track record of �boom and bust� cycles � we look at what happened with the latest bitcoin crash.