'Extreme panic' in crypto: How risky is Bitcoin price below $30k?
Posted: Wed May 11, 2022 9:58 pm
https://www.kitco.com/news/2022-05-11/- ... w-30k.html
(Kitco News) The crypto market is in a panic mode as digital assets lost $800 billion in market value over the past month, according to CoinMarketCap's data. The shift in sentiment comes as investors revaluate risk assets ahead of a much tighter monetary policy worldwide.
In its latest round of volatility, Bitcoin plummeted to $29,330, touching the lowest level in ten months. Other crypto assets also tumbled. The world's second-largest cryptocurrency Ethereum touched a daily low of $2,165, also marking the lowest level in ten months. Solana briefly traded below $50, and Cardano touched $0.54.
(Kitco News) The crypto market is in a panic mode as digital assets lost $800 billion in market value over the past month, according to CoinMarketCap's data. The shift in sentiment comes as investors revaluate risk assets ahead of a much tighter monetary policy worldwide.
In its latest round of volatility, Bitcoin plummeted to $29,330, touching the lowest level in ten months. Other crypto assets also tumbled. The world's second-largest cryptocurrency Ethereum touched a daily low of $2,165, also marking the lowest level in ten months. Solana briefly traded below $50, and Cardano touched $0.54.