The market for cryptocurrencies another registered collapse, yet another of the last few months. Also Bitcoin, the symbolic currency of this sector, made a big splash, falling below $ 20,000. Considering it was almost $ 60,000 in November 2021, this is a very critical situation.
Falling to $ 19,943, Bitcoin has essentially returned to 2020 levels, burning all the value it has accumulated in recent years. In the last year alone, the decline was -44.03%. Worse still for Ether, which fell to $ 1,074, when it was $ 4,818 in November 2021. Dogecoin, the people’s cryptocurrency, also went from $ 0.34 in value in August 2021 to $ 0.058 in today’s value.
The collapse of Ether
The collapse of Bitcoin
The collapse of Dogecoin
The cryptocurrency market literally stands sinking, even if the causes of this situation are not very clear. For some analysts it depends on inflation, a consequence of the Ukrainian conflict. The only certainty is that there are no glimmers of salvation, at least in the short term, and the companies in the sector are gearing up to survive, firing employees and reducing expenses.