27/07/2022
https://crptopost.com/why-crypto-market-is-down-today/
The year 2022 has not been good for . Since January the has been in negative territory. Investors have lost billions of dollars. Almost ten incumbent fully crashed and closed their businesses. The famous bitcoin is continuously tumbling. On Monday, the price of bitcoin plunged to a new low.
The has not been performing well for quite some time. As of this morning, is down 13% in just twenty-four hours, and the price of is down by 16%. Similarly, other cryptocurrencies like and Cash have dropped their prices significantly.
This is unprecedented given the hype the crypto market created in its early months of launch.
Investors are terming the continuous volatility in the crypto market as the ‘blood bath’. The worsening situation has stunned the crypto pundits who are unable to gauge the severity of the crisis. Major crypto lenders like have shut down their businesses.
s. Since January the crypto market has been in negative territory. Investors have lost billions of dollars.