Cryptocurrencies’ collapse follows 2017 run, regulation threats
Cryptocurrencies’ collapse follows 2017 run, regulation threats
In this photo illustration a visual representation of the digital currency Bitcoin sinks into water.
Photo Illustration by Dan Kitwood/Getty Images
Down from its 1,400 percent rise in 2017, bitcoin is now trading at less than $5,000 — a sharp decline for what some once hoped was a new and promising asset that could excite institutional investors. Instead, many traders were just trying to make a quick buck.
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