freefall for cryptocurrencies

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The cryptocurrency market is in bad shape. The queen of cryptos, Bitcoin, is now down 50% since its peak last November.

Cardano, Ripple, Solana are among the 5,000 cryptocurrencies in circulation worldwide. For several months, the value of these virtual currencies has been in freefall. Since November 2021, Bitcoin, the most famous of them, has lost half its value from 58,000 euros to 29,000 euros today.

A cryptocurrency is totally digital. It is an independent currency but very volatile. But are we only in an episodic decline or is the plunge more serious? For specialist François Chaulet, the market is improving and could see some cryptocurrencies disappear. A financial field which is therefore becoming increasingly risky, especially as many scammers operate on the Internet.

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