Business / Tech Jun 15, 2022
‘The music has stopped’: Crypto firms quake as prices fall
A global industry worth hundreds of billions of dollars rose up practically overnight. Now it is crashing down.
A global industry worth hundreds of billions of dollars rose up practically overnight. Now it is crashing down.
The moment of panic amounted to the worst reset in cryptocurrencies since bitcoin plummeted 80% in 2018.
Digital currency, once mocked as a tool for criminals and reckless speculators, is sliding into the mainstream. Traditional banks are helping investors put their money into cryptocurrency funds. Companies like Tesla and Square are hoarding Bitcoin. And celebrities are leading the way in a digital-art ...
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