Skip to main content

Black Listed News
Trending Articles:
Trending Articles:

More than $200 billion erased from entire crypto market in a day as sell-off intensifies

Published: May 12, 2022
Share | Print This

Share to Gab

Source: cnbc

Bitcoin, Coin, Hoodie, Mysterious, Man, Money

Bitcoin fell below $26,000 for the first time in 16 months, amid a broader sell-off in cryptocurrencies that erased more than $200 billion from the entire market in a single day.

The price of bitcoin plunged as low as $25,401.29 on Thursday morning, according to Coin Metrics. That marks the first time the cryptocurrency has sunk below the $27,000 level since Dec. 26, 2020.

Bitcoin has since pared its losses and was last trading at $29,413.08, down 0.1%.

Ether, the second-biggest digital currency, tanked to as low as $1,704.05 per coin. It’s the first time the token has fallen beneath the $2,000 mark since June 2021. Ether was last down 6.5% at a price of $1,988.45.

Investors are fleeing from cryptocurrencies at a time when stock markets have plunged from the highs of the coronavirus pandemic on fears over soaring prices and a deteriorating economic outlook. U.S. inflation data out Wednesday showed prices for goods and services jumping 8.3% in April, higher than expected by analysts and close to the highest level in 40 years.

Read More...

Share This Article...



Image result for patreon


PLEASE DISABLE AD BLOCKER TO VIEW DISQUS COMMENTS

Ad Blocking software disables some of the functionality of our website, including our comments section for some browsers.



Image result for patreon

Support Blacklisted News
and Kill The ADS!!!

Become our Patreon and get access to the ad free version of the website and other insider exclusives for $1.00

Login with patreon to gain access to perks!


More Blacklisted News...

Black Listed Gear Store
On Patreon
On Gab
On Gettr
On Twitter
On Reddit
On Facebook

Our IP Address:
198.245.55.242







BlackListed News 2006-2019
Privacy Policy
Terms of Service