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
Opinion
Opinion
Macroscope
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
