Crypto market loses $500 billion in a week amid falling Bitcoin prices. What’s the near-term outlook?
Nearly half a trillion dollars has been erased from the cryptocurrency market in under a week as a Bitcoin-led selloff gathered pace. The total market capitalization of cryptocurrencies has dropped by $467.6 billion since January 29, according to data from CoinGecko. Bitcoin rebounded 1.31% to $76,681.72 on Wednesday. The largest cryptocurrency plunged to a 15-month…
