Bitcoin prices have been plunging sharply over the past weeks as a wave of risk aversion hit global financial markets. The crypto market size fell from $2.9 trillion in November 2021 to $877 billion in June 2022 just as bitcoin breached the $20,000 mark. Many new investors who had begun investing in these assets over the last two years would currently be staring at steep losses.

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Published on June 24, 2022