Crypto prices keep sliding: What’s behind the drop?
Crypto currency may be on its way out. Bitcoin and stocks are in a bout of volatility — and investors say more turbulence could be in store.
“Bitcoin’s pullback is part of a broader shift in risk sentiment,” said Haider Rafique, global managing partner at OKX, a crypto exchange.
In Wall Street terms, bitcoin is in a bear market — when a price falls more than 20% from a recent peak and Bitcoin has shed more than $600 billion in market value during its tumble, according to CoinMarketCap data.
READ: Crypto 101: A layperson’s guide to cryptocurrency (
“How the market behaves over the next several days will signal whether this becomes a deeper reset or just a sharp, temporary dip in an otherwise…
