Crypto Crash Intensifies As Losses Eclipse $1.3 Trillion Just Two Weeks After Market’s All-Time High

  • 📰 Forbes
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

The world's largest cryptocurrencies have crashed as much as 50% from all-time highs earlier this month.

in April after blackouts in the nation led to massive declines in bitcoin's mining rates. The company, which is one of the world’s largest crypto-exchanges by volume, also said it would stop providing certain investment products to new users in a slew of other countries"due to recent dynamic changes in the market" and"in order to protect the interests of investors.""Crypto has been a casualty of the changing tide in and out of speculation.

Regulatory concerns have rocked the nascent crypto market before. Despite rising more than 10-fold in 2017, the combined value of the world's cryptocurrencies crashed more than 80% within months after countries like South Korea started cracking down on then-booming initial coin offerings, which minted new tokens and fueled an investor mania not unlike the recent surge in.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

There would be no losses if everyone just held...smh

I like what you did here . 1.3T trigger Visual trigger of bitcoin. You know people are lazy.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in BUSİNESS

Business Business Latest News, Business Business Headlines