Bitcoin and Crypto Crash Causes Over $1 Trillion in Losses
For Bitcoin, the only constant has been its recent decline. With the US Federal Reserve’s plans to withdraw stimulus from the market, riskier assets have suffered all across the globe. One of the largest digital assets in the world, Bitcoin has lost more than 12% on Friday and dropped below $36,000, the lowest since July. Since its peak in November last year, Bitcoin has lost more than 45% in valuation. Other digital currencies have suffered just as much, with Ether and meme coins met with a similar fate. The decline in Bitcoin since its peak has wiped out more than…