The Crypto Market Is Melting Down: Here’s What Every Investor Should Know
This story is part of, CNET’s coverage of smart money decisions for today’s changing world.
Cryptocurrency is controversial, risky, wildly volatile — and that’s especially evident from, when the crypto market plummeted more than $200 billion, spurred on by . And this week’s drama didn’t come out of nowhere: The crypto market has trended downward since hitting an all-time high last November due to .
Highs and lows are nothing new in the crypto markets, and skeptics have been long characterizing crypto as an empty bubble destined to burst. Critics have called swindle and scam. But investors see the world of digital coinage as a step forward — a kind of “Money 2.0” that’ll democratize finance and power the metaverse., and simply a new, digital form of an old con primed to
In simple terms, cryptocurrency is a digital token ownership of which is recorded on a blockchain, a distributed software ledger that no one controls — this is designed to make it more secure, in theory….