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

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

S&P 500 erases 2021 gains as Fed refrains from acting to settle volatile marketInvestors sold stocks and bonds and Treasury yields rose after Fed chief stopped short of offering specific steps to curb heightened volatility.
Source: latimes - 🏆 11. / 82 Read more »

Bitcoin market value tops $1 trillion for first time ever as crypto price soarsThe world's No. 1 cryptocurrency hit a record high on Friday, propelling it to a market value above $1 trillion for the first time ever. Is that for just one bitcoin? What does one bitcoin cost? I can't figure out for the life of me how this works; and I don't know what the cost of ONE bitcoin is; but it is up $1 trillion dollars? Or, how many bitcoins do you need to have a value of $1 trillion dollars?
Source: MarketWatch - 🏆 3. / 97 Read more »

JPMorgan Reveals ‘Big’ Bitcoin Price Prediction As Bitcoin And Crypto Market Surges Toward $2 TrillionAnalysts at Wall Street banking giant and former bitcoin skeptic JPMorgan have said bitcoin could climb as high as $130,000 in the long-term if it continues to see its volatility converge with that of gold's... The more I see predictions from Whales 🐳, the more I sell. crypto “When there’s Fear be Greeedy, When Greedy be Fearful “ Time to be fearful stock Se está formando una enorme burbuja, ya no se trata de que estalle o no si no cuando ocurrirá. Cuando estalle como siempre muchos perderán grandes cantidades de dinero y muy pocos habrán ganado un fortuna.
Source: Forbes - 🏆 394. / 53 Read more »

JPMorgan Reveals ‘Big’ Bitcoin Price Prediction As Bitcoin And Crypto Market Surges Toward $2 TrillionAnalysts at Wall Street banking giant and former bitcoin skeptic JPMorgan have said bitcoin could climb as high as $130,000 in the long-term if it continues to see its volatility converge with that of gold's... 2008.
Source: Forbes - 🏆 394. / 53 Read more »

Coinbase warns crypto market could fall if bitcoin creator revealedCoinbase warns the entire crypto market could be destabilized if bitcoin's anonymous creator is ever revealed or sells $30 their billion stake What if Coinbase is Satoshi? AKA elonmusk Also wtf. '...Sells $30 their billion stake.' This is a well-disguised ponzi scheme. It seems to have intimidated the regulators enough that they're going slow even for regulators. It will be crushed when they finally act. We haven't had an Enron in a while, so I guess this will be new for some people.
Source: BusinessInsider - 🏆 729. / 51 Read more »