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Evia22839
May 12, 2022 10:48 AM

$900 billion crypto sell-off worsens as bitcoin slumps 15% Long

Bitcoin / United States DollarCoinbase

Description


A rout in the cryptocurrency market that has destroyed over $900 billion of value since the start of the week dramatically gathered pace today, with Bitcoin dropping over 15%.

The world’s biggest cryptocurrency by value fell 12% to $28,168, a level not seen since November 2020.

There was a sea of red in the wider cryptocurrency market, which has fallen in value from $1.5 trillion on Monday to around $1 trillion today. There are fears it could fall much further.

The crash will hit thousands of amateur investors around the world, as well as many financial institutions that have begun to dabble in the market.
Comments
Nico.Muselle
Greetings, good job on sharing your first chart with the community. We hope you enjoyed the process. Hope it is one of many :)
🙌🏽 @Nico.Muselle for the TradingView mods
simpsonepic1a
I just bought more!! Why sell you always loose in the long run.Buy dips for 10 years!!!
Evia22839
@simpsonepic1a, do you think buying more is a option?
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