Crypto-Mania Update: $372 Billion Gone In One Month

Cryptos are having another bad-hair day, one in many, with just about all the largest ones crashing 12% to 25% this morning.

It’s crypto mayhem for those who’re watching their wealth evaporate, after having gleefully watched it balloon in multiples of 10 or 100 in a matter of weeks and who expected to be billionaires by year-end. At the time, which was just a few weeks ago, they’d touted whitepapers full of intelligent-sounding gobbledygook as to why these price surges were based on fundamentals, and how these cryptocurrencies would change the world.

 

 

https://wolfstreet.com/2018/02/05/largest-cryptocurrencies-plunge-50-80-372-bn-gone-in-1-month-will-it-hit-the-economy/

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