Why Massive Cryptocurrency Selloffs Highlight A Tech Industry Downturn
Bitcoin plunged under $25,000 to temporarily reach its lowest value since December 2020, and stablecoins aren’t stable, with the cryptocurrency Luna nearly worthless after having dropped 99% in value in 24 hours. Cryptocurrencies’ values may well continue whipsawing, and, as always, it’s tough to predict where they’ll ultimately end up. Yet there’s no denying that the industry is less stable than it has been in years. Here’s why. How Are Cryptocurrencies Doing?...