Global Crypto Market

Crypto Crash: Bitcoin's drop may rattle investors who saw it as equity – USA TODAY




May was the month that cryptocurrencies — the digital darlings touted from Twitter to Reddit, and by billionaires and superstars — plunged to earth.
Bitcoin, the most popular of those assets, lost 19% of its value within a week, dropping to its lowest value since October 2020. Ethereum plummeted by nearly 27%, and some of the so-called stablecoins, pegged to commodities like the U.S. dollar, became nearly worthless.

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