More than a trillion dollars has been wiped out after investors started selling shares in the top cryptocurrencies, with Bitcoin plunging to its 2020 low.
The crash has seen investors losing between tens and hundreds of thousands of dollars, with the shock being felt harder by those investing in ‘stablecoins,’ currencies pegged to the US Dollar.
According to CoinMarketCap, cryptocurrencies are down by almost two-thirds on the market’s record capitalisation.
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22 Comments
I wonder how much Elon lost?
< I totally agree with what you are saying….The fact is, BTC is the future of crypto and the questions traders ask themselves now if this is right time to invest? before jumping into conclusion i think you should take a look at things first. for the past few days the price of BTC has been fluctuating which means the market is currently unstable and you cant tell if it is going bearish or bullish. While others still continue to trade without the fear of making lose, others are being patient. it all depends on the pattern with which you trade and also the source of your signals. i would say trading has been going smoothly for me, i started with 2.5 BTC and i have accumulated over 11.6 BTC in just three weeks, with the trading strategy given to me by expert trader Gibson Gerald…..
proof of work is certain cryptos
terra luna isn't a stablecoin, ust (us terra) is a stablecoin
dai has never really crashed, and it's pegged by ETH and not a fiat
Ha ha cash is king
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣 told ya. Again.
Just holding long.
Have been buying since 2014.
Ponzicoins
Crypt walking
To the moon!
And it's gone (original)
Bahaha here come the “experts” in the comments
Rather poorly researched in my opinion, just reflecting the average person’s perception of crypto. What exactly is the problem that they want to solve by adding regulations? The whole point of crypto currency is that it’s decentralized and free from manipulation by corrupt governments. Why not report on the causes of the recent downturn. For example the coming recession as a consequence of money printing during the lockdowns, or Blackrock doing some moderately shady maneuvering surprisingly crashing the LUNA coin.
Crypto has one purpose.
Money laundering.
How much has the Dow Jones lost?
a currency based on speculation that cannot be used and that has its value from people saying it has value was never gonna last, its like me grabbing a pencil and saying 'this is now worth 500 million' sure if i can make u believe me it is but eventually people will go oh wait its worth nothing
It's obvious this individual has done very limited research on crypto lol
It is almost like there is no underlying asset or intrinsic value to these shitcoins.
Everything goes up and down; like gold/silver, real estate, viagra, and stocks/options. This is nothing new, now lets just move along.
Should The Government Stop Dumping Money Into A Giant Hole?
Cryptocurrency was invented to save on the cost of the petrol.
To the mooon 😂😂😂😂
1 trillion dollars damn this makes me want to buy even more crypto
Ahhh a little snippet for the traditional slave zombies. Portfolio still doing better than Rupert’s old stonks. No mention of the BTC halving or traditional markets printing and over leveraged lending I see. Strong as a bull lads
Over trillion wiped out? That would be 2/3 the crypto current market cap, which last time a looked its still $1.3T