A trillion dollars worth of cryptocurrencies evaporated in 48 hours

Bitcoin continues to decline, as the largest cryptocurrency plunged more than 12% to below the $36,000 level, at a time when global markets are shaken as the Federal Reserve plans to withdraw stimulus from the market, causing suffering in the most risky assets around the world.
Bitcoin plunged, to its lowest level since July. Since the November peak, it has lost more than 45% of its value.
Other cryptocurrencies have suffered just as much, if not more, with ether and meme sank in similar withdrawals.
Bitcoin’s drop since its November peak has wiped out more than $600 billion in market capitalization, and the cryptocurrency market has lost over $1 trillion in less than 48 hours.

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