Here it comes - the crypto fallout

Gomez Adams

Grammar Fascist
Staff member
Dec 1, 2020
Suwanee, Georgia
So there's this:

And here's some snippets:

Bitcoin, ethereum and other cryptocurrency prices have crashed as the crisis in Ukraine rattles global investors.​
The bitcoin price, dipping under $38,000 per bitcoin, is down 10% on this time last week and almost 30% from its early February high of almost $46,000. Ethereum, the second-largest cryptocurrency after bitcoin, has seen similar declines—with fierce competition weighing on the ethereum price.​
Now, as assets that have soared over the last couple of years see heavy sell-offs in the face of looming Federal Reserve interest rate hikes, one billionaire value investor has warned some are going to get badly hurt in the coming "cataclysmic market shift."​
The bitcoin and crypto market hit a combined value of around $3 trillion in November last year, up from under $300 billion two years ago.​
"We really did hit peak stupid, but peak stupid extended beyond truly, truly stupid and then we went to bottom-of-the-ocean-rare-earth-metal-companies stupid."
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Reactions: Zeedox
And one of the biggest crypto companies is going down like the Titanic: