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Drastic drop in Bitcoin and other cryptocurrency values

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Magazine Issue: 
Russia-Ukraine war, one big loser, the Lloyd’s of London [3]
Magazine date: 
May 2022

cryptocurrencyOver the week from 8 to 14 May 2022, several cryptocurrencies have seen a sharp drop in value compared to the US dollar. On Thursday, 12 May, CoinMarketCap, a website specialized in digital currencies, estimates the losses at 200 billion USD.

On the same date, bitcoin dropped 78.62% from the beginning of the week to its lowest level ever recorded, namely 26.641 USD. Other crypto-currencies show a similar downtrend: Ethereum (-72%), Tether (-95%), BNB (-63%), Luna (-100%), etc.

Read also | Bitcoin: insurance players are backing away from cryptocurrency [4]

Fri, 20/05/2022 - 10:40

Source URL: https://www.atlas-mag.net/en/article/drastic-drop-in-bitcoin-and-other-cryptocurrency-values

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[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-191-may-2022
[4] https://www.atlas-mag.net/en/article/bitcoin-insurance-players-are-backing-away-from-cryptocurrency