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Much of crypto did graze the stratosphere at the start of 2022, when enthusiasm was astronomically high, but a few months later it all came crashing back down to earth. Prior to the 2021 crash, bitcoin had gone from $10,000 in september 2020 to four times that in january, and finally to its highest value yet ($63,000) in april 2021. This sharp rise came with the increased legitimization of cryptocurrency through big party investments, including banks, countries, and large companies. A cryptocurrency crash hit hard on tuesday morning. What happened the explosion of cryptocurrency prices seems to have come to an abrupt halt late on monday night as a broad crypto sell-off commenced. The value of the most famous cryptocurrency — bitcoin — had just set a record, and the industry was trying to "mainstream itself," as white puts it. Bofa’s research, based on bloomberg data, finds that bitcoin’s fall is the fifth largest on record—and by far the biggest crash since the 1970s. Cryptocurrency will likely experience many more crashes over the years. As long as you stay focused on its long-term potential, it doesn't necessarily matter how it's performing right now
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Much of crypto did graze the stratosphere at the start of 2022, when enthusiasm was astronomically high, but a few months later it all came crashing back down to earth. Crypto meltdown deepens as stablecoin drops below $1 peg 04:30. Cryptocurrency bill will mitigate key risks for web3 investors, if it can pass. May 21, 2022, 09:08am edt. Fed triggers stark $10,000 bitcoin crash warning by billy bambrough. Nolan bauerle, research director at coindesk, says 90% of cryptocurrencies today will not survive a crash in the markets. Those that survive will dominate the game and boost returns for early. Crypto prices continued to drop this weekend, wiping over $200 billion off the total market cap in just a few days. [+] dragging on the price of ethereum, xrp and other major cryptocurrencies
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