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IPFS News Link • Currencies

$300 Billion Bitcoin And Crypto Price Crash After Stark Fed Warning


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Bitcoin and cryptocurrency prices have fallen sharply, wiping around $300 billion worth of value from the combined crypto market in just two days.

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The bitcoin price dropped to around $51,000 per bitcoin after trading around $69,000 just weeks ago—a fall of almost 30%. The latest move lower has seen other major cryptocurrencies, including ethereum, Binance's BNB, solana, cardano and Ripple's XRP, each lose almost 10% in just 24 hours.

The sudden bitcoin and crypto sell-off, coming alongside some serious stock market declines, follows a warning made by famed investor Louis Navellier that widely-expected Federal Reserve "tapering" could burst the bitcoin and crypto bubble.