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Bitcoin and crypto platforms are in trouble. What’s behind the collapse?

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globalnews.ca

The plummeting value of Bitcoin and turmoil across major cryptocurrency platforms has many investors fretting about their digital wallets and leaders in the space warning about a “crypto winter.” So what’s happening, and what does it mean for your portfolio?

Here’s what you need to know. Bitcoin is continuing a downward spiral that has marked much of 2022 for the popular cryptocurrency.

The digital currency continued to sink Tuesday following a 16-per cent drop on Monday that sent its value as low as US$22,400.

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