Meme cryptos Shiba Inu and Dogecoin surged too.
Binance CEO Changpeng Zhao says it is the best time to invest in crypto.
ProShares will debut an inverse Bitcoin ETF called the ProShares Short Bitcoin Strategy ETF on the New York Stock Exchange on Tuesday.
The survey further noted that of those who hold and/or sold either, 62 percent specified crypto only, while 31 percent specified NFTs only. Seven percent said both.
Despite the market turmoil, a recent Bank of America survey of more than 1,000 digital asset users indicated that investors are still optimistic about the future of crypto.
Meme cryptos Shiba Inu and Dogecoin plunge too.
MicroStrategy boss Michael Saylor talked about the fears of the firm having to sell its BTC and the chances of it buying BTC during the market crash.
Mark Cuban commented on the current crypto crash in an interview, claiming many blockchain projects will go extinct during the current bearish market.
Meme cryptos Dogecoin and Shiba Inu surge too.
The President of the Central African Republic (CAR) has doubled down on his Bitcoin bet despite the recent market crash even as the crypto market is reduced to less than $1 trillion.
Peter L Brandt predicted a huge crash in the price of the world's biggest cryptocurrency, saying that BTC is following a "Drano" chart pattern.
The price of Bitcoin has plunged to around $22,000 from a record high of $67,000 in November 2021.
Bill Gates dismissed digital assets like cryptocurrency and NFTs as "100% based on greater fool theory” at a recent conference.
Meme cryptos Shiba Inu and Dogecoin plunge too.
Cryptocurrencies are becoming mainstream day by day with retailers showing more interest in accepting them as payment options.
The crash in the price of the digital currency may have come as a surprise to Bitcoin bulls.
MicroStrategy's CEO Michael Saylor might've landed the firm in trouble as its Bitcoin holding is already down by more than a billion dollars.
Institutional investors are gradually moving out of the crypto market as leading cryptocurrencies Bitcoin and Ethereum saw outflows of $57 million and $41 million. However, ADA, SOL, and XRP saw inflows this week.
Coinbase's CEO Brian Armstrong announced the move as motivated by his firm's rapid growth during a bull market and concerns about a possible recession over the horizon.
The results showed that “while the overall crypto market was quite bearish, managers remained extremely bullish on BTC."
Meme cryptos Shiba Inu and Dogecoin too plunge.
Bitcoin plunged about 15% in 24 hours and is trading at about half of what it was worth in March.