Bitcoin Plunges By 50% From Record High And Sinks To Lowest Since July 2021

Published by
ValueWalk

Bitcoin dived 5% Monday after dropping over the weekend, placing the $32,000 price 50% below its record price from last year. The plunge also means the cryptocurrency has plummeted 15% in the last week, with other assets also taking major hits. Bitcoin PlummetsQ1 2022 hedge fund letters, conferences and more The drop goes to show how bitcoin is also affected by the same factors that plague stocks in times of volatility. Michael Kamerman, CEO of trading platform Skilling, said: “Volatile trading in digital assets has not been that unusual in previous years. Cryptocurrencies are increasingly mov…

Read More