7 Reasons Cryptocurrencies Are Crashing
For well over a century, no asset class has delivered a higher average annual return than the stock market. But over the past couple of years, it's cryptocurrencies that have run circles around the broader market.
Between their respective March 2020 lows and the end of 2021, the broad-based S&P 500 rose a little over 100%, while the aggregate value of all digital currencies climbed more than 1,400%!
But in recent weeks, the high-flying crypto market has hit the skids. After coming within a stone's throw of a $3 trillion aggregate market cap on Nov. 10, the crypto market briefly dipped below $1.5 trillion on Jan. 22. In a three-day stretch last week, nearly $600 billion in peak value was wiped out.
Source Fool.com
