Crypto Market Erases $200 Billion In Market Value In 24 Hours, Regulator Warns Investors Could 'Lose All Their Money'

After a more than 100% surge over the past month, the cryptocurrency market is taking a massive hit Monday as regulators and other experts sound the alarm on bitcoin's booming rally, but not everyone's convinced the bearishness is warranted.... [+]As of 10:30 a.m. EST, the value of the cryptocurrency market has tanked to about $900 billion from a high of $1.

Other top tokens are also plunging, with ether, XRP and litecoin down 21%, 16% and 25%, respectively. "As with all high-risk, speculative investments, consumers should make sure they understand what they’re investing in," the United Kingdom's Financial Conduct Authority, which regulates financials in the country,

, also issuing a stark warning:"If consumers invest in these types of product, they should be prepared to lose all their money."on the enforcement measures banks, including HSBC, are taking to bar transfers from cryptocurrency exchanges in the country.

Friday that such a development may actually hurt bitcoin prices in the short term as investors cash out of the Grayscale Bitcoin Trust, an SEC-approved bitcoin price-tracking fund that investors have turned to in lieu of an ETF.

. Get cheap Alts.

anghnd

🤔🤔

People please ! These pizza tokens are pump n dumps. History check.

It will remain uncertain and risky, some idiot was suggesting govts to invest in it to pay of their country’s debt.

Wew..

This is an opportunity to buy bitcoin.

Yikes

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