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Bitcoin could crash to $10,000, a more than 40% plunge from current prices, veteran investor mark mobius told cnbc on thursday. Sat 4 jun 2022 11. 00 edt e ven if you don’t live and breathe cryptocurrency, you’ve probably noticed some turmoil in the sector. Eye-catching headlines about missing apes and collapsing. Since sunday, about $130 billion has vanished from the cryptocurrency market. New delhi cnn business —. Aftershocks from the massive earthquake in the trillion-dollar crypto industry last week continued to reverberate on monday. Prices of digital currencies fell again as. The cryptocurrency market is notoriously volatile. That can mean drops of more than 50% in a matter of months as well as rapid price gains. We explain reasons for bitcoin’s latest price action, along with the 2022 crypto market crash. The price of bitcoin, the most popular cryptocurrency, dropped below $16,000 in november 2022, a
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"what this episode, this crash in crypto prices, shows is that cryptocurrencies are by and large speculative financial assets that are subject to macroeconomic forces, such as changes in interest. Crypto is a volatile asset, so it's a good idea to know how much you can afford to lose. Some crypto crashes are because of systemic issues within crypto, such as the collapse of ftx. We explain reasons for bitcoin’s latest price action, along with the 2022 crypto market crash. The price of bitcoin, the most popular cryptocurrency, dropped below $16,000 in november 2022, a. Crypto prices continued to drop this weekend, wiping over $200 billion off the total market cap in just a few days. It wasn’t the first fall for bitcoin in the past 18 months. Studies of historical stock market corrections, both minor and major crashes, tell us that when the market does not correct every 4-6 years, the eventual crash is usually devastating. And the last major crash was in 2007-2009. And, we know that other asset classes react when the stock market corrects
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