Crypto Crash Erases More Than $1 Trillion in Market Value

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Future Files

1/22/2022, 7:38:51 AM




Bitcoin, ether and other digital currencies are at risk of further losses in 2022, while btc lost more than 12% Friday and dropped below $36,000 to its lowest level since July. Since its peak in November, it has lost over 45% of its value. Other ditgital currencies have suffered just as much, if not more Bitcoin’s decline since thatt November high has wiped out more than $600 billion in market value, and over $1 trillion has been lost from the aggregate crypto market. While there have been much larger percentage drawdowns for both Bitcoin and the aggregate market, this marks the second-largest ever decline in dollar terms more than 239,000 traders had their positions closed over the past 24 hours, with liquidations totaling roughly $874 million



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