Cryptocurrency Market Drops $130 Billion in Sell-Off in 24-Hours

[engine]

A 24-hour sell-off of cryptocurrency means a drop of over $130 billion of its value.

Bitcoin was last down around 4% at $33,755.57, according to Coin Metrics, while Ether plunged 7% to $2,239.08. Earlier in the morning, they fell to their lowest points since July. They are also about 50% off their respective all-time highs.

[cnbc.com...]

[NickMNS]

Back where we started...
[webmasterworld.com...]

If you play with fire your going to bet burned.

But, the crypto world is much different than a year ago, it has moved far further into the mainstream and with the coming of web3 there are a lot more compelling use cases for it than there were before.

[tangor]

Too volatile for me!

Then again, world wide experience with post covid inflation. A market contraction is to be expected.

[Dimitri]

Hiccups are not a problem, I always read that the bitcoin will be $200.000 by the end of the year... I read this each year...