So what happens when a decentralized currency requires government-issued currency to determine its value and Watch Secret Boutique Onlineis bought and sold with said government-issued currency? Well, you get Bitcoin (BTC) falling to its lowest level in 18 months.
As reported by multiple outlets this past week, the popular cryptocurrency has lost 74% of its value from its record high in November. Coinbase saysthat Bitcoin fell as low as $17,601.58 and stayed below $20,000 on Saturday afternoon.
“Bitcoin breaking the $20,000 price level was long coming, given the pessimism that we have in the market,” said AvaTrade market analyst Naeem Aslam speaking to the Wall Street Journal.
Bitcoin isn’t the only cryptocurrency feeling the effects, with Techcrunch reporting that the total global market cap of cryptocurrencies sank below $850 billionSaturday. According to Techcrunch, another popular cryptocurrency, Ethereum (ETH), is down 80% since its record high back in November. ETH is trading at half of what it was a month ago, with it now being exchanged below $1,000.
SEE ALSO: El Salvador loses half its investment in Bitcoin as crypto plungesRecessions are a difficult time for speculative assets and this latest crypto crash is coming during a challenging time for the crypto sector. Celsius, a leading lender in decentralized finance seems to have gone bankrupt, announcing in a tweet that it was pausing all transactions. There are other reasons for the crash too, such as the Feds raising interest rates to stave off the high inflation, but Stan Schroder does an excellent job explaining crypto’s crazy week.
This Tweet is currently unavailable. It might be loading or has been removed.
The importance of Bitcoin’s crashing can’t be understated. As a leading cryptocurrency, Bitcoin dropping might trigger more sell-off in the market as investors lose confidence, according to The Washington Post. The same report also said that experts have no idea where the bottom is for Bitcoin due to how new crypto is along with current economic uncertainty.
For now, however, it’s not looking good for anyone who’s invested in crypto in the past year.
Topics Cryptocurrency
Best Apple deal: Save $60 on the Apple Watch SE
The best tweets of the week
'Forgiving Johnny' review: AI's unlikely role in restorative justice
Joan Didion’s New Advertisement for the Fashion Label Céline
Trump delays TikTok ban for another 75 days
How Horror Games Like “The Evil Within” Violate Our Trust
Abortion care chatbot aims to help users find options
New Dyson products 2023: The V15s Detect Submarine cordless vacuum and mop is finally out
Best robot vacuum deal: Save $200 on Eufy X10 Pro Omni robot vacuum
Want to get rid of the Dating icon shortcut tab on Facebook? Try this.
Best robot vacuum deal: Save $200 on Eufy X10 Pro Omni robot vacuum
'Forgiving Johnny' review: AI's unlikely role in restorative justice
Remembering Jane Wilson, Who Painted Evocative Landscapes
Elon Musk's X sues California over content moderation law
NYT mini crossword answers for May 12, 2025
Microsoft will offer legal protections to its AI Copilot users
iPhone 15 Pro action button: What we know so far
Caleb Crain on Darren Aronofsky’s film Noah
Is it 'Thunderbolts*' or *The New Avengers'?
The Morning News Roundup for January 12, 2015
NYT's The Mini crossword answers for April 5HP Chromebook Plus deal: Save $100 at Best BuyIowa's win over UConn inspired heated reactions and memesZola's wedding planner tool is AI you can say 'yes' toAmazon deals of the day: Dyson Ball Animal 3, Chefman air fryer oven, and moreBlue Origin launches its first test flight of 2018Top Alibaba exec Jiang Fan returns to key role three years after scandal · TechNodeNewly found Tasmanian devils are free from cancer ravaging the speciesAmazon deals of the day: Dyson Ball Animal 3, Chefman air fryer oven, and moreHP Chromebook Plus deal: Save $100 at Best BuyTemu launches in South Korea · TechNodeAlibaba DAMO Academy’s senior researcher, Shen Jiaxiang, resigns · TechNodeBest soundbar deal: Amazon Fire TV soundbar dealAmazon deals of the day: Dyson Ball Animal 3, Chefman air fryer oven, and moreStudy trains Port Jackson sharks to respond to jazz musicNewly found Tasmanian devils are free from cancer ravaging the speciesOpenAI's Sora just dropped a trippy music video to fan the AI hype flamesDuring the 2024 solar eclipse, here's when to wear glassesMeta briefly blocked a local news organization critical of FacebookWombat butt biting sex habits could be helpful for its survival Olivia Munn blasts Hollywood's handling of sexual misconduct reports Girl Scouts CEO won't stop until millions of girls pursue STEM careers The Justin Bieber/Selena Gomez reunion is really happening Surface Book 2 15 Fireballs shoot across sky as Leonid meteor shower peaks Facebook will livestream 47 college basketball games as its live sports efforts grow It still feels wrong to see Johnny Depp in 'Fantastic Beasts' Man dancing to Michael Jackson is a real, true inspiration Now we get the 'Gilmore Girls' joke about Katy Perry and some nuns Tesla Semi truck launch: What to expect and why it matters Facebook steps on YouTube's turf with a creator Nigeria's women's bobsled team qualified for the Winter Olympics Australia launches project to plant the world's largest urban vineyard Junior league goalie scores on an empty net and his team goes wild Rapper Lil Peep has died aged 21 NES mod gives the console its own built The OnePlus 5T costs half as much as a Note 8 and has a bigger screen 'Star Wars: Battlefront II' brings funny fan service in Cloud City That viral Chinese library has turned out to be a bit of a sham Why Pussy Riot's Maria Alyokhina keeps smiling as she resists
2.1405s , 10109.5234375 kb
Copyright © 2025 Powered by 【Watch Secret Boutique Online】,Feast Information Network