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

  • by:
  • Source: Forbes
  • 01/24/2022

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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