What Exactly is Happening to Cryptocurrency | Why The Dip?
It’s been a rough few months for the price of the cryptocurrency, but are you still a lover of it? When a downturn in the market occurs, cryptocurrency isn’t like a bad breakup, but we still don’t know how long it will last. Join me today as I discuss exactly what’s happening with cryptocurrency. Let’s see if you are to freak out or not, but before you think of freaking out, make sure you subscribe and hit the notification bell.
It was a rough weekend for cryptocurrency values, with the price of Bitcoin falling to its lowest level since December 2020. A month ago, the market experienced a similar decline. The free-falling trajectory of cryptos appears to have no end in sight. An amount greater than $500 billion has been wiped out from stock markets in the last seven days. The total value of the crypto market fell to $1.2 trillion, a significant decline. Double-digit losses for all major cryptos, including Bitcoin and Ethereum are continuing to flood the market.
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