Bitcoin CRASH | Bloodbath in Crypto | $600 billion wiped out! Crypto tumble is becoming very painful
Virtual currencies are retreating so broadly and sharply, it’s testing the durability of the cryptocurrency boom.
The value of more than 7,000 tokens tracked by CoinGecko has shrunk more than $600 billion in the past week to $1.9 trillion. Bitcoin, the largest cryptocurrency, slid some 11 per cent Wednesday to break below $40,000 and is now about $25,000 off its record high set in April.
Multiple factors are at play, ranging from criticism of the environmental impact of Bitcoin ..