Summary
The value of cryptocurrency assets has dropped sharply, with bitcoin losing a significant portion of its value since October. This decrease has resulted in a nearly $400 billion loss in the total market value over the past week.
Key Facts
- Bitcoin's value fell by more than one-third since reaching a high in October.
- On Friday, bitcoin hit its lowest level since April, dropping to about $81,919.
- Last month, bitcoin reached a record price of over $126,000 for the first time.
- The global market value of all cryptocurrencies fell by nearly $400 billion in one week.
- Bitcoin's price drop mirrors a recent decline in stock markets, but the change in bitcoin is much more severe.
- The decline affects almost all cryptocurrencies, not just bitcoin.
