Crypto assets bled $800 billion market value in a month

US ECONOMY CRYPTO BITCOIN

Kabar Medsos – Crypto assets bled nearly $800 billion in market value over the past month, touching a low of $1.4 trillion on Tuesday, according to the data site CoinMarketCap, as the end of easy monetary policy diminishes appetite for risk assets. Bitcoin, which makes up for nearly 40 percent of the crypto market, hit a 10-month low earlier on Tuesday, before rebounding to $31,450, just six days after touching $40,000. It was more than 54 percent below its Nov. 10 all-time high of $69,000. Digital asset prices have slumped,…

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