A cryptocurrency, crypto-currency, or crypto is a collection of binary data which is designed to work as a medium of exchange. Bitcoin & Crypto is crashing l 1$ trillion lost
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Crypto crash erases more the 1$ trillion in market value Why bitcoin and crypto is crashing ?
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Bitcoin along with other digital cryptocurrencies , crashed to its lowest level on saturday and
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continuing meltdown has wiped out over 1$ trillion from global crypto market value
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Bitcoin dropped below the psychologically important support level of $40,000 friday, slumping over 10% in what was a massive sell-off in the entire cryptocurrency market.
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Bitcoin is currently trading at $35,700 , even when trading activity has picked up significantly, indicating a mass sell-off in progress.
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The coin is down over 40 percent from its all time high of $69,000.
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All of the world's biggest 100 cryptocurrency tokens are currently tranding in the rad, with some coins down as much as 30%.
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It is down 15 percent in the last 24 hours , dropping to $2,400.
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Binanee coin, the fourth largest coin , has slumped over 17% and cardano is down over 15% .
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Dogecoin as declined over 13 percent while both solana and polkadot have crashed 20 percent.
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The main cause behind the latest rout is believed to be the proposal by the Russian Central Bank to ban cryptocurrency.