Usa cryptocurrency Usa

Cryptocurrencies: why they’ve crashed and what it could mean for their future

Reading now: 642
theconversation.com

If you had invested £100 in the cryptocurrency Luna a month ago, you might have been quietly confident you’d made a sensible bet.

But Luna’s value has since fallen drastically – at the time of writing, that £100 is worth around 4p. Luna was by no means the only victim in a week where cryptocurrencies were down 30%.

Some have recovered to a certain extent, but this still represents an aggregate seven-day loss of over US$500 million (£410 million), prompting existential questions about the future of the market.

Read more on theconversation.com
The website meaws.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA