Crypto Has Bitcoin Alternatives to Sell You as the Coin’s Price Slips Below $90,000
Key Takeaways
- Over $1 trillion in coin market cap value has been erased since crypto’s October peaks. Bitcoin sank below $90,000 overnight, to the lowest level since April, before recovering to near $93,000.
- Meanwhile, the crypto industry continues to offer investors new ways to move their money into the space.
Bitcoin is down. Crypto is still shipping.
Investment appetites are being tested as products—including new exchange-traded funds, initial coin offerings and an index-linked token—launch into a bear market for the industry’s best-known asset.
It’s happening at a challenging time for investors, both in crypto and risk assets broadly. The crypto market has lost over $1 trillion in market value, down more than 25% since…
