**Cryptocurrency Market Plunges, Wiping Out $1 Trillion** The cryptocurrency market experienced a massive crash on Thursday, with Bitcoin leading the losses. The digital asset plummeted by over 9%, wiping out billions of dollars in value. Since Monday, the total value of the cryptocurrency market has dropped by over $300 billion. The crash follows a surge in popularity for cryptocurrencies, fueled by high-profile Super Bowl ads and rising investor interest. However, the recent downturn has raised concerns about the stability and volatility of the cryptocurrency market. Experts warn that investors should be cautious and avoid investing more than they can afford to lose. The Bitcoin market, once valued at $1 trillion, has now lost more than half of its worth. The asset's value has dropped below $30,000, marking a significant decline from its all-time high of $69,000 in November 2021. The future of the cryptocurrency market remains uncertain, but investors are advised to proceed with caution and do their due diligence before making any investment decisions.
**Cryptocurrency Market Plunges, Wiping Out $1 Trillion** The cryptocurrency market experienced a massive crash on Thursday, with Bitcoin leading the losses. The digital asset plummeted by over 9%, wiping out billions of dollars in value. Since Monday, the total value of the cryptocurrency market has dropped by over $300 billion. The crash follows a surge in popularity for cryptocurrencies, fueled by high-profile Super Bowl ads and rising investor interest. However, the recent downturn has raised concerns about the stability and volatility of the cryptocurrency market. Experts warn that investors should be cautious and avoid investing more than they can afford to lose. The Bitcoin market, once valued at $1 trillion, has now lost more than half of its worth. The asset's value has dropped below $30,000, marking a significant decline from its all-time high of $69,000 in November 2021. The future of the cryptocurrency market remains uncertain, but investors are advised to proceed with caution and do their due diligence before making any investment decisions.
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130 Created in 2009 by Satoshi Nakamoto. WEB A recent Statista report on the worldwide cryptocurrency market shows it is estimated to hit 515. WEB Here are the top 10 predictions from the San Francisco-based crypto asset manager. ..
**Why the Crypto Market Crash of 2024** The cryptocurrency market has taken a significant downturn in 2024, with Bitcoin and other altcoins seeing sharp price declines. This crash has been attributed to several factors. Firstly, the financial attack on the stablecoin Terra UST has shaken confidence in the crypto ecosystem. Terra UST lost its peg to the US dollar, causing a ripple effect that sent the entire market tumbling. Additionally, the broader pullback from risky assets has impacted the crypto market. Investors have been moving away from speculative investments due to rising inflation and interest rates. Finally, the ongoing regulatory uncertainty surrounding cryptocurrencies has also contributed to the market downturn. Governments around the world are grappling with how to regulate the industry, which has created uncertainty for investors. As a result of these factors, the crypto market is experiencing a significant correction. It remains unclear when the market will recover, but investors should be aware of the risks involved and proceed with caution.
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WEB All large cryptocurrencies were down during morning trading on Friday with Solana seeing the biggest. A crash in cryptocurrency prices has wiped away more than 300 billion in value this. . WEB by Alex Hern and Dan Milmo Wed 29 Jun 2022 1241 EDT Y uri Popovich had watched his neighbours. WEB New Delhi CNN Business Aftershocks from the massive earthquake in the trillion-dollar crypto. THE PRICE of bitcoin the worlds most popular cryptocurrency fell by almost 20 at the weekend from..
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