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Tag: Bitcoin drop

Crypto crashes (again)

January 27, 2022January 27, 2022 by Bill Schmick

While investors focus on the losses that are piling up in the stock market, the cryptocurrency space has suffered far more. The bears say it has further to go, but that may depend on what happens to stocks. Bitcoin, the grand daddy of crypto currencies, is trading around $38,400 per coin as of January 25, 2022. It has suffered a 50% decline since its record high in November 2021. Ethereum, the second most popular coin, has dropped from almost $5,000 to $2,400. In total, the combined crypto market has lost $1.4 trillion over the past week. At one time, crypto…

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