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Crypto slump erases $1 trillion from the market in 2.5 months
short by Kiran Khatri / on Saturday, 22 January, 2022
Over $1 trillion has been lost from the global cryptocurrency market amid a slump in digital currencies in two-and-a-half months, Bloomberg reported. On Friday, world's largest cryptocurrency Bitcoin fell below $36,000 for the first time since July, while other cryptocurrencies like Ether also slumped. Bitcoin's decline since its November peak has eroded over $600 billion from its market value.
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