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A cold spell or crypto winter? Understanding the latest bitcoin and ethereum selloff
After a euphoric start to the year, bitcoin and ethereum are now deep into correction territory. Since late October, both have shed considerable value, with bitcoin dropping more than 20% from its highs and ethereum following suit. The recent leg down, triggered over the weekend by headlines of a hack and deepened on Monday, has left many investors wondering: is this just a temporary chill or the start of a new crypto winter? At the time of writing, bitcoin trades just above USD 88,000 while ethereum has dropped toward the USD 2,800 level. That puts both assets at key technical and psychological inflection points, ... (full story)
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