Over $500 billion was lost in market capitalization by the cryptocurrency market on Friday. Over $700 Million was lost in the liquidation of top crypto assets as they suffered severe losses. (BTCThe critical support level for $40K was not met by ), while ) (ETHThe spokesman also reported that he had lost $3K in support.

Many theories have flooded the web to explain the crash, even though crypto advocates are still debating whether it has reached a bear stage. Here are three theories many think fueled the cryptocurrency market crash.