
Cryptocurrencies are experiencing the biggest "review" since the time of their establishment, even in the period of the COVID pandemic such a decline was not seen. Historic drop in the stock market in one day, with 18% of the value, or a total of 400 billion euros. And the most affected are the cryptos that come below Bitcoin, but even the latter has not escaped the financial shock.
The shock of the world stock markets, with Tokyo registering a traumatic fall of -12.4% today, pushes all cryptocurrencies down.
Double-digit decline even for the strongest cryptocurrency Bitcoin, with its minimum since January. Although there was a slight rise during the day, Bitcoin on the stock exchange is sold for 50 thousand dollars, with a record drop compared to a few weeks ago, writes "La Repubblica".
On the other hand, the behavior of investors is estimated to be linear, with their stock movements, as in traditional sources: gold or treasury bonds.
Bitcoin & Co. with their constant movements, not always dependent on the market, do not access these resources. Thus, the universe of digital currency, after a period of great growth, also supported by the possibility of the confirmation of Donald Trump at the head of the White House, has suddenly started a dangerous retreat that endangers investors in this digital economic sphere.
As in the past, it is Bitcoin's alternative cryptocurrencies that suffer the most, which suffer the biggest shock. Ethereum lost during the morning more than 20%, Solana records similar losses.
According to data from Coinmarketcap, the "capitalization" of cryptocurrencies has fallen by 18% in the last 24 hours alone, the equivalent of 400 billion euros that the crypto world has lost in the span of one day.