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A crypto crash wiped out $1 trillion this week – 7NEWS.com.au
Here’s what happened.
Wild, stomach-churning moments are part of the experience when you buy a ticket to the crypto circus. But the past weeks volatility was enough to make some of the crypto faithful wonder whether theyve been bamboozled.
On Wednesday, a broad crypto crash wiped out about $1 trillion in market value a staggering drop from $2.5 trillion just a week ago. Bitcoin, which accounts for more than 40 per cent of the global crypto market, nosedived 30 per cent to $30,000 on Wednesday, its lowest point since…
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