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Traders’ flight from risky investments wipes $1tn in crypto over six months
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Traders’ flight from risky investments has halved the price of bitcoin and other cryptocurrencies, wiping out more than $1tn worth of digital money since November.
Wild swings are fairly common with cryptocurrencies, but even seasoned investors were left reeling as bitcoin dropped 29% over a seven-day losing streak that just ended as a stablecoin — one part of the crypto world that touted its stability — unexpectedly crashed.
Investors...
Read more on fnlondon.comAbout this in other media
Global Insurers Start Investing in Crypto Amid Risk-On Investment Approach cryptonews.com /2 years ago
Fidelity Investments bolsters tech headcount to meet institutional crypto demand fnlondon.com /2 years ago
Bitcoin drops 1.5% on US market open amid warning miners may 'capitulate' in months cointelegraph.com /2 years ago
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