
Crypto Bloodbath: Why next one year will be tough
The idea is, says Rajagopal Menon of WazirX, that this asset class will be volatile because it is traded 365 days for 24 hours.
The idea is, says Rajagopal Menon of WazirX, that this asset class will be volatile because it is traded 365 days for 24 hours.
Bitcoin earlier tanked below $26,000 but later recovered a bit to $27,604.56. The digital currency is still down 11% in 24 hours.
The world's largest crypto has fallen 20.20% in the past seven days and 28.19% in the past one month. The fall seen in the context of larger sell-off in the global market amid weak sentiments.