Business
How over 1 trillion dollars in crypto disappeared in just six months
Traders’ flight away from risky investments halved the price of bitcoin and other cryptocurrencieswiped out more than $1 trillion worth of digital currency since November.
Wild volatility is fairly common with cryptocurrencies, but even seasoned investors were left reeling as bitcoin dropped 29% in a 7-day drop that just ended as a stablecoin — a part of the crypto world tout its stability–dropped unexpectedly.