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.
Bitcoin has lost more than two-thirds of its value compared to all-time highs in November of last year. Bitcoin is not the only crypto asset facing a downturn.