Key Takeaways
- Altcoins, digital asset treasuries, crypto-linked stocks were punished as an index measuring “fear and greed” descended to “extreme fear” levels.
- Bitcoin ETF investors are “underwater,” a strategist said.
This week’s crypto bloodbath hasn’t just worried bitcoin owners. It’s also sparked fresh anxieties about the future of digital assets.
The price of bitcoin plunged yesterday to near $60,000, marking one of its worst single-day declines in the past decade. Though the world’s largest cryptocurrency by market value has been recouping some lost ground so far Friday—it was recently trading around $71,000—the week’s losses are still tracking in the double-digits. Other crypto assets have also seen pronounced…
