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