FAQ?
What happened to the crypto market on Friday?
Bitcoin prices fell sharply on Friday, while ether prices also dived, wiping off nearly $150 billion from the crypto market. Bitcoin fell about 15% and was trading around $36,000 late Friday, according to Coin Metrics. Ether, the second-largest cryptocurrency by market cap, dived about 20% to trade around $2,500.
Is the crypto market headed for a downturn?
Bitcoin prices have fallen sharply since November, tumbling more than 40% from a record high of about $69,000. Some experts warn that the crypto market could be heading toward a downturn soon, as heightened regulatory scrutiny and intense price fluctuations dampened bitcoin’s prospects. Regulators are cracking down on cryptocurrencies too.
Is cryptocurrency headed for a major correction?
VC funding continues to soar. Major crypto VC firm a16z recently announced intentions to a raise $3. 5 billion for its latest crypto fund-a massive increase from the $2. 2 billion it raised in June 2021. And interestingly enough, the fund’s chief information office said that he thinks “crypto is headed for a major correction.
How much will Cryptos drop each year?
Any long-time crypto investor will tell you the same. In stocks, they say you should be prepared for a few 5% to 10% drops every year. In cryptos, you should be prepared for a few 20% drops every year.