bitcoin crash: Bitcoin, Ethereum crash over 70% from peaks; crypto investors lose over $2 trillion in 8 months
Considering the latest slide, investors have lost over $2 trillion over eight months.
The total market capitalization of the digital market is marginally above the $1 trillion mark, which was more than $3 trillion at its peak in November 2021.
It has dropped more than 20 per cent over the weekend, with its market cap slipping below $500 billion or half a trillion. source: Indiatimes
Market participants are linking the weakness in the crypto market closely with the traditional asset class.
The rising food, gas, and energy prices are putting tremendous pressure on the crypto market, he added.
Thukral from BuyUcoin said that the current dip in the crypto prices allows investors to buy crypto at 2021 prices and we expect the seasoned investors to take advantage of the dip.