Bitcoin, Ether Plummet To 6-Month Lows As Crypto Crash Wipes Hundreds Of Billions Off Market

  • by:
  • Source: Forbes
  • 01/24/2022
Bitcoin, Ether Plummet To 6-Month Lows As Crypto Crash Wipes Hundreds Of Billions Off Market
Bitcoin vs Altcoins by André François McKenzie is licensed under Unsplash unsplash.com

TOPLINE

The prices of bitcoin and ether fell to six-month lows Monday morning, continuing a sell-off of major cryptocurrencies that has dashed more than $1 trillion in value from the market since November. 

KEY FACTS

  • The price of bitcoin, which makes up nearly 40% of the crypto market and is the most valuable cryptocurrency by market capitalization, fell to around $33,500 Monday morning, down more than 6% from 24 hours before.
  • Ether, the second most valuable cryptocurrency and around 16% of the overall market, fell more than 11% to around $2,200. 
  • Both cryptocurrencies are at their lowest points since July last year and have shed around half their value since reaching record-breaking highs in November. 
Bitcoin vs Altcoins by André François McKenzie is licensed under Unsplash unsplash.com

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