Could these waves capsize the whole economy?
Bitcoin, the most popular cryptocurrency, and Ether have both fallen more than 50%.
Coinbase shares have tumbled 84% since their first day of trading in April 2021.
Coinbase Founder Brian Armstrong had a personal fortune of $13.7 billion as recently as November and about $8 billion at the end of March.
That’s now just $2.2 billion.
The CEO of crypto merchant bank Galaxy Digital has seen his fortune plummet to $2.5 billion, from $8.5 billion in early November. He’s been a champion of TerraUSD, the algorithmic stablecoin that’s now at risk of a complete collapse.
Edited by Rogerdodger, 11 May 2022 - 11:12 PM.