Bitcoin (BTC) price falls, wiping out $100B from entire crypto market

January 21, 2021 ☼ cryptocurrency

Source: CNBC

Link: Bitcoin (BTC) price falls, wiping out $100B from entire crypto market

Bitcoin slumped for a second day Thursday, taking the digital currency’s losses to more than 10% over 48 hours and wiping off billions of dollars from the crypto market.

Cryptocurrency is a scam. It is not backed by anything. Government issued currency is backed by the productivity of its population as long as it keeps some semblance of parity.