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Thread: Why bitcoin’s down and 4 other key things that happened in crypto this past week

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    Default Why bitcoin’s down and 4 other key things that happened in crypto this past week



    The overall cryptocurrency market took a hit on Monday morning, with the price of bitcoin, the largest cryptocurrency by market value, falling below $44,000. It’s currently trading at around $44,068, down about 7.45% in the last 24 hours.

    Other top cryptocurrencies are also in the red.

    Ether, the second-largest, is currently trading at about $3,106, down 7.76% in the last 24 hours. As a whole, the global cryptocurrency market cap is down more than 8% in the last day.

    This comes as investors fear the fallout from the near collapse of indebted Evergrande, a Chinese property developer so massive it could effect the global economy, which sparked a sell-off of volatile investments like crypto, and also amid concerns about potential cryptocurrency regulation in the U.S.

    In addition, here are four things that happened in the space this week

    Source_cnbc.com
    Last edited by Resolve; 10-13-2021 at 01:18 PM.
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