Explainer: Does the cryptocurrency crash pose a threat to the financial system? – Reuters.com

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Representations of digital cryptocurrencies are seen On this illustration taken November 28, 2021. REUTERS/Dado Ruvic/Illustration/Information

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WASHINGTON, Might 11 (Reuters) – On Tuesday, bitcoin fell briefly under $30,000 for The primary time in 10 months, whereas cryptocurrencies general have misplaced almost $800 billion in market worth Prior to now month, Based mostly on knowledge website CoinMarketCap, as buyers fret about tightening monetary coverage.

In contrast with the Fed’s final tightening cycle which …….

Source: https://www.reuters.com/business/finance/does-cryptocurrency-crash-pose-threat-financial-system-2022-05-11/

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