The_Rooster
Jan 25, 2022
Crypto market loses $130 billion in one day amid Ukraine tensions
The world’s number one cryptocurrency, Bitcoin, has declined to nearly $33,000 on Monday, marking a daily drop of nearly 5%, according to data tracked by CoinDesk. The second most popular crypto, Ethereum, plunged 9.3% to $2,209 in a 24-hour span.
Earlier in the day, both tokens fell to their lowest since July, each dropping more than 50% from their all-time highs.
The major sell-off wiped nearly $130 billion off the value of the entire cryptocurrency market, and spread across the stocks, which extended losses recorded earlier this year, posting the worst week since March 2020.
https://www.rt.com/business/547193-cryptocurrency-multi-billion-market-value
Aug 31st 2021