Bitcoin has lost more than half its value this year, with the most widely traded cryptocurrency part of a broader collapse in the market for digital assets. Photo: Reuters
Bitcoin has lost more than half its value this year, with the most widely traded cryptocurrency part of a broader collapse in the market for digital assets. Photo: Reuters
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

What the bitcoin bloodbath reveals about the cryptocurrency market

  • The shakeout in the cryptocurrency sector is prompting renewed questions about the foundations of the highly volatile digital asset market
  • Such assets were never meant to be a hedge against inflation, and the end of an era of cheap money has accentuated their long-standing weaknesses

Bitcoin has lost more than half its value this year, with the most widely traded cryptocurrency part of a broader collapse in the market for digital assets. Photo: Reuters
Bitcoin has lost more than half its value this year, with the most widely traded cryptocurrency part of a broader collapse in the market for digital assets. Photo: Reuters
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