The OG cryptocurrency Bitcoin is having a horrible month.

The token has wiped out hundreds of billions of dollars in total market value, dropping below $92,000 for the first time since mid-April. That’s despite soaring to an all-time high of over $126,000 a mere six weeks ago.

It’s been a bruising couple of weeks — and nobody is entirely clear on why.

Even Bloomberg admitted that “Bitcoin has fallen fast, hard, and with no clear trigger.”

One prevailing theory is economic uncertainty over dwindling hope that the US Federal Reserve will lower interest rates next month. A lower rate usually leads to increased liquidity and more willingness to invest in more risky assets, like crypto.

“The general market is risk-off,” Bitwise Asset Management chief investment officer Matthew Hougan told

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