The downward slide of cryptocurrency over the last couple months has sent skittish investors into retreat mode, erased nearly $2 trillion in value from the overall market and is now trashing the employment rolls of digital currency exchanges.
The two most heavily traded digital tokens, Bitcoin and ethereum, saw modest gains over the last 24 hours but are still hovering near their lowest values in two years.
Bitcoin has dropped almost 30% in the last week, was trading around $22,172 per token Wednesday afternoon, according to CoinGecko, and has seen a precipitous plunge from its high of just about $68,000 per token last November.
Ethereum was listed at just over $1,217 per token Wednesday, has slid almost 34% in value in the last week and is far below its peak valuation of nearly $4,900 per token in November 2021.
Coinbase slashes workforce: One of the busiest U.S. crypto exchanges, San Francisco-based Coinbase, made a big splash when it went public in April 2021, earning a valuation...
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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...