Hundreds Of Billions Lost As Major Cryptocurrencies—Including Bitcoin, Ethereum, Solana, Cardano—Tumble In Crypto Crash

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I am a London-based reporter for Forbes covering breaking news. Previously, I have worked as a reporter for a specialist legal publication covering big data and as a freelance journalist and policy analyst covering science, tech and health. I have a master’s degree in Biological Natural Sciences and a master’s degree in the History and Philosophy of Science from the University of Cambridge. Follow me on Twitter @theroberthart or email me at rhart@forbes.com

Hundreds of billions has been wiped from the cryptocurrency market Tuesday amid a market-wide crash that has seen the prices of major cryptocurrencies—including bitcoin, ethereum, cardano and solana—plummet and fall sharply from near record highs this week.

Of the four most valuable cryptocurrencies by market capitalization—excluding the biggest, bitcoin, and tether, a stablecoin pegged to USD—ether fell 9.6% to around $4,300, Binance’s BNB 8.9% to $590, solana 7.5% to $225 and cardano 9% to $1.90. XRP, polkadot, dogecoin and shiba inu coin—the next largest cryptocurrencies by market cap, excluding another stablecoin, USD Coin—fell 9.3%, 12.4%, 8.8% and 6%, respectively.

The losses come as part of a wider rout in the cryptocurrency market, which is now worth some $2.76 trillion, according to CoinGecko, down 8.6% from the day before.

 

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Cryptocurrency is a Ponzi scheme. It didn't start out that way - but it is, for the most part, used as such. Time to move on and stop frying semiconductors

Based.

Lmfaoooo

Lol, well deserved

Lol haha

Oh nooo lol

This is the risk you take when you invest in something that doesn't really exist .

Oh no. Anyway

You love to see it

Lol, nice

And nobody thought this might happen?

Outstanding news

Haha

Oo a 7% dip, whatever will I do. Oh I know, buy the dip.

lmfao

Crypto fixes this

😂😂😂😂😂😂😂😂😂

Normal.....Time to buy

No wonder why Warren Buffett never invested in crypto

It's called a dump, not a crash.

yup now what ?

And there you have it - crytpo is dangerous. I'm not saying it can't become relevant but so long as some a$$hole can scamper-off with millions of investor savings ... F that.

Buy the dip.

the biden economy is collapsing

I am a structural engineer and i have many ideas but i do not have enough money to implement them. I also have a small technology and innovation company in Iran. Does anyone want to collaborate and invest in my company and my ideas?

Buy now

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