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Market crash gives crypto its biggest test as 40% of bitcoin investors are now ‘under water’
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fnlondon.comThe looming fear of rising interest rates spooked traders at the start of the week into selling anything and everything, causing global stocks to post their worst day in almost two years. If it wasn’t an all-out market panic, it came pretty close.
Cryptocurrencies bled out along with other equities on the Nasdaq — bitcoin, the biggest cryptocurrency, dipped below the $30,000 mark and has drifted 14% lower since 6 May.
Read more on fnlondon.comAbout this in other media
Crypto week at a glance: Bitcoin slips below $30,000; Germany issues crypto tax guidelines economictimes.indiatimes.com /2 years ago
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Contrarian Bitcoin investors identify buy zones even as extreme fear grips the market cointelegraph.com /2 years ago
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