Bloodbath On The Crypto Street

/ 1 min read

The carnage on Wall Street has impacted cryptocurrencies the most, with a number of them seeing a price erosion between 85% to 100% from their all-time highs.

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Credits: Getty Images

This story belongs to the Fortune India Magazine July 2022 issue.

Credits: Vikas Verma

It’s not a crash. It’s a meltdown. The carnage on Wall Street has impacted cryptocurrencies the most, with a number of them seeing a price erosion between 85% to 100% from their all-time highs. Topping the chart is Internet Computer, whose price has eroded 99% after falling from $750 to $6. There are 34 currencies that have seen their values erode by more than 90%, while 26 currencies lost between 85% to 90%.

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