Many market experts have long warned about the current situation. They predicted Decrease in the value of cryptocurrencies.
Economist Jean Zygmuntowski “Cryptocurrency is not a dangerous asset, it is a financial pyramid and an internet financing operation where buyers are opposed to religious beliefs,” he said.
Cryptocurrency lover, popular blogger in amateur investor circles Maciej Tomczyk assessed that we are still dealing with a young market where there is still a lot of risk. He also noted “Historical aspect of events”.
Some fall into more things dramatic tone. By accident they lose themselves life saving, they are also at risk of losing their belongings. One user wrote that “the only way out is suicide“Special lines of psychological assistance are being launched for players in the cryptocurrency market.
However, almost all of them retail investorswho does not long-term investment horizonescape from the market – This was reported by the website Interia Business.
Internet A wave of anecdotes about the market crisis was also flooded. One of the users Twitter “Memes are the only way to get depressed,” he said.
The creativity of Internet users was not disappointed. Many things turned out humorous reactions.
Famous cryptocurrencies there is a historical decline. Bitcoin Lost within 24 hours 13 percent. your value. Ethereum – 23 percent. Cardano 1/3, a Terra-Luna lost 95 percent. your value. Price bitcoin The sixth consecutive week falls and draws all wide cryptocurrency market. Bitcoin fell to 27.5 thousand on Thursday. dollars, that is, took a step back unprecedented level since last July. Meanwhile, in April of this year, it cost more than 40 thousand. dollars.
Terra UST even fell 30 centsa Teter fell around $ 0.95I mean history minimum. “If trust is violated in this case, it is difficult to see the desire to buy cryptocurrencies that have no real purpose,” he said. Michał StajniakChief Financial Analyst XTB.
Michael Novogratzhead of a cryptocurrency bank Galaxy Digitalhad assets valued at the beginning of November 8.3 billion dollars. Now, this big supporter of “terraUSD”, “algorithmic stablecoin”, is facing a big problem with the collapse of the associated moon. His wealth is only valued 2.5 billion dollars. Recently at the cryptocurrency tower in Miami Novogratz boasted “bitcoin” and “luna” tattoos.
Changpeng Zhaopresident of the stock exchange Binancedebuted in January in the ranking of the rich “Bloomberg“It simply came to our notice then 96 billion dollars. On Wednesday, May 11, it was just $ 11.6 billion.
Brothers Tyler and Cameron Winklevossco-founders of the exchange Twinslost after about 2.2 billion dollarsI mean 40 percent. luck and fortune Bankman-Frida herselfhead of the exchange FTXdecreased by half since the end of March 11.3 billion dollars.