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Bitcoin Plunge, Crypto-Crash And The Elon Musk Influence: A Brief Timeline Of Events
2 hours, 4 minutes
The cryptocurrency market has gone into a meltdown and it may have been started by yet another Elon Musk tweet, but there s more to the crash story and China, presumably, has a role to play in it.
The price of the most well-known digital currency aka Bitcoin fell nearly 30% at a certain point before the drop narrowed down to 10%. But the damage was done. Bitcoin had still lost close to a whopping $70 billion in market value in a span of 24 hours. To put things into perspective Coindesk states that Bitcoin has lost more than 38% over the course of the week.
Crypto Crash or Correction? What is driving the global sell-off? medianama.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from medianama.com Daily Mail and Mail on Sunday newspapers.