The cryptocurrency crash has led to $2T in losses. Here’s what’s behind the big dive

Posted on AllSides June 19th, 2022
From The Right
Kin Cheung/Associated Press
ANALYSIS

Even in a market notable for its volatility, cryptocurrencies have been on a wild, downhill ride over the past few months with individual digital tokens dropping to their lowest marks in two years and the overall sector having now dropped nearly $2 trillion in value since late last year.

Some champions of the realm say the slump is just part of crypto’s evolution and point to similar upheavals from the early days of internet businesses, which eventually found a somewhat more stable track.

But what exactly is driving the recent...

Read full story
Some content from this outlet may be limited or behind a paywall.

Deseret News

AllSides Media Bias Rating: Lean Right
AllSides Media Bias Rating: Lean Right
106709/84317
See full bias rating for Deseret News
Learn about media bias
https://www.deseret.com/2022/6/18/23172667/cryptocurrency-crash-led-to-2-trillion-dollars-losses-why-bitcoin-ethereum-mark-cuban-inflation

More News about Business from the Left, Center and Right

From the Left

From the Center

From the Right