Crypto Markets Lost Half A Trillion Dollars In Value Yesterday

Some coins dropped 25% in a single hour

Photo by Maxim Hopman on Unsplash

-68%

I rubbed my eyes. I was looking at the 7-day returns of some of the top 20 cryptocurrencies yesterday.

I wasn’t just seeing red, I was seeing coins losing almost 70% of their market value.

--

--

--

Life in your 20s and beyond. A Medium publication focused on Work, Freelancing, Money and Life Advice.

Recommended from Medium

What are stablecoins and why are they important?

What is CGC (ChainGuardians)?

#MYTRADE

Three indicators that you may be investing in a sh*t coin!!

Master asset-backed tokens, application-specific tokens, platform tokens and scam tokens in a…

WorkQuest Tokens: $WUSD Token

COUNTDOWN

10 Popular Bitcoin Podcast To Tune Into 2020

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Tom Kuegler

Tom Kuegler

Travel blogger. 28 years old. Currently in Mexico. Get my free 5-day Medium course via email → https://bit.ly/35yyIIu

More from Medium

HOW INFLATION IS STEALING OUR MONEY?

This is What Happened When I Entered Cryptocurrency

What Is a Market Disruptor?

All That Glitters Is Not Gold (Including Gold)