If you love crypto and you’ve been investing, this came as a shock but don’t worry too much.
Here’s what’s in the news.
The loss was led by Bitcoin Friday morning. The information says that Bitcoin lost more than a 3rd of its value since it embarked on it the high climb in October.
For those who’ve been thinking that this is the future of decentralized finance, they received a shock today.
Like always, I believe no one should panic. It’s always been like this; something to feed the news stream.
Experts are already saying that this latest occurrence has revealed a crack or “deep cracks” in market structure. The negative effect it’s having on investors is well pronounced.
Other coins are affected, as some experts are saying that this plunge has affected all the crypto world; no corner is left unshaken.
That’s a big surprise, and it’s also why this should matter to anyone because most people in the world now hold some forms of cryptocurrency.
How vulnerable is Bitcoin? That’s a tough question that can’t be answered here.
Hopefully, it will continue to hold its own as the digital gold that it has always been called.
