Bitcoin losing value
Continuing the declining trend, Bitcoin price today tanked 9. Other digital currencies, Ether and meme coins are witnessing similar drawdowns. Ethereum lost Solana dropped Shiba Inu had a massive drop of
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- Global crypto market suffers $1-trillion loss as Bitcoin crashes
- Cryptocurrency buzz drives record investment scam losses
- Beyond Bitcoin: Inside the insane world of altcoin cryptocurrencies
- SafeMoon price prediction: One million wallet downloads
- Why is the cryptocurrency market down today?
- Don't lose your shirt in the Crypto Casino: Bitcoin crashes by half
- Bitcoin Has Lost Half Its Value Since Hitting Record High
- Why I will never buy Bitcoin (or any other cryptocurrency)
- Bitcoin Reaches 6-Month Low. Should You Buy?
- Is crypto market in for long winter after latest bout of selling?
Global crypto market suffers $1-trillion loss as Bitcoin crashes
Continuing the declining trend, Bitcoin price today tanked 9. Other digital currencies, Ether and meme coins are witnessing similar drawdowns. Ethereum lost Solana dropped Shiba Inu had a massive drop of While there have been much larger percentage drawdowns for both Bitcoin and the aggregate market, this marks the second-largest ever decline in dollar terms for both, according to Bespoke Investment Group.
With the Federal Reserves' intentions rocking both cryptocurrencies and stocks, a dominant theme has emerged in the digital-asset space: cryptos have twisted and turned in nearly exactly the same way as equities have. Never miss a story! Stay connected and informed with Mint.
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Cryptocurrency buzz drives record investment scam losses
An already dramatic crash in the crypto markets has become yet more drastic, with bitcoin and other digital currencies losing hundreds of billions of dollars from their value. Bitcoin has now fallen Other coins have seen even more dramatic losses: ethereum is now down 25 per cent. That follows what was already the worst start of the year for bitcoin in history. Anyone that bought bitcoin at the start of the year has now seen it lose more than 23 per cent of its value, in just three weeks. Instead, it has dropped way below that, and continued to trade down.
Beyond Bitcoin: Inside the insane world of altcoin cryptocurrencies
Thanks for contacting us. We've received your submission. As of Monday morning, bitcoin was trading at around 7. Crypto-adjacent stocks are also taking a hit from the market collapse. Other crypto-focused stocks like digital coin-mining firms Riot Blockchain and Marathon Digital were also hit with losses. January 24, am Updated January 24, pm. Getty Images Other crypto-focused stocks like digital coin-mining firms Riot Blockchain and Marathon Digital were also hit with losses. Share This Article. Post was not sent - check your email addresses! Sorry, your blog cannot share posts by email.
SafeMoon price prediction: One million wallet downloads
The biggest cryptocurrencies have had a rough few months. If you listened to Matt Damon's Crypto. At the time of writing , both bitcoin and ethereum were down by about 45 percent compared to their highs from last November; BNB was down 42 percent. Now, they may well go back up again at some point — crashes and recoveries have happened before many times. But it's an illustration of the incredible risk of cryptocurrency investment.
Why is the cryptocurrency market down today?
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Don't lose your shirt in the Crypto Casino: Bitcoin crashes by half
While there have been much larger percentage drawdowns for both Bitcoin and the aggregate market, this marks the second-largest ever decline in dollar terms for both, according to Bespoke Investment Group. And the case for further caution was reinforced on Friday. Bloomberg News reported that the Biden administration is preparing to release an initial government-wide strategy for digital assets as soon as next month and will ask federal agencies to assessing the risks and opportunities they pose. Contact us at letters time. Representation of Bitcoin cryptocurrency is seen in this illustration photo taken in Krakow, Poland, on January 6, You May Also Like.
Bitcoin Has Lost Half Its Value Since Hitting Record High
Many companies featured on Money advertise with us. Opinions are our own, but compensation and in-depth research determine where and how companies may appear. Learn more about how we make money. If you thought you could handle market volatility, Bitcoin's dizzying ups and downs are something else.
Why I will never buy Bitcoin (or any other cryptocurrency)RELATED VIDEO: BITCOIN - [IF YOU'RE ABOUT TO \
The price of Bitcoin BTC has generally been declining since November, although the cryptocurrency's sharp price decline this week was likely triggered by rumors on Friday, Jan. Unidentified sources within the Biden administration said last week that the government is developing a strategy to address the economic, regulatory, and national security challenges posed by Bitcoin and other cryptocurrencies. The administration is reportedly also examining the opportunities created by the rise of digital assets, with the Biden administration's strategy potentially being made public as soon as February. This likely report from the administration, while welcomed by those who believe that Bitcoin can benefit from greater regulatory certainty, has triggered some traders to sell their Bitcoin holdings. The price of Bitcoin is also being affected by policy changes by the U.
Bitcoin Reaches 6-Month Low. Should You Buy?
January is traditionally a slow month for cryptocurrencies, but this year has been particularly tough so far for the entire market. The drop is being attributed to a few things. Firstly, cryptocurrencies usually drop on weekends. There are less people trading, which means that any big sell offs have more impact on the value. The biggest factor is that the Federal Reserve System, America's central banking system, is preparing to withdraw its pandemic stimulus to combat growing inflation.
Is crypto market in for long winter after latest bout of selling?
Sunny Leone took the lead among Indian actors to secure her digital assets when she broke the news about her association with NFT, two months back. This made her the first Indian actress to mint NFTs. Choose your reason below and click on the Report button. This will alert our moderators to take action.