Cryptocurrency Market Value Slumps Under US$ 1 Trillion
KONTAN.CO.ID - LONDON. The value of the cryptocurrency market on Monday fell below US$ 1 trillion for the first time since January 2021, according to data site CoinMarketCap, reaching as low as US$ 926 billion.
The global cryptocurrency market peaked at US$ 2,9 trillion in November 2021, but it has faltered so far this year. It has lost US$ 1 trillion in value in the last two months alone as investors ditched riskier assets in the face of high inflation and fears that interest rate raises by central banks will hamper growth.
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