Investors in stocks as well as crypto are making very clear over the past month that we are in a risk-off environment.
Bitcoin, Ethereum, and the other leading cryptocurrencies all fell further over the weekend, erasing mild gains made during the week prior. The global crypto market cap is down to $1.03 trillion, a 7.5% drop in just 24 hours, according to CoinMarketCap.
Bitcoin is down 18% in the past seven days and has fallen below $26,000 to $25,513, its lowest point of 2022 and a 12-month low. Ethereum has fared even worse, down 28% in the past week, even after a mostly successful merge test drive on Wednesday on the Ropsten testnet. (On Friday, Ethereum core devs shared their decision to delay the "difficulty bomb," a crucial step in The Merge, for another two months, which may not have helped sentiment around ETH.)
It wasn't just BTC and ETH. Every single one of the top 20 coins by market cap has fallen double-digit percentages in the past seven days.
BNB is down 22% in the...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...