'The bulk of newer investors have lost money in crypto': What's behind the bitcoin selloff

‘The bulk of newer investors have lost money in crypto’: What’s behind the bitcoin selloff

Over the last week, numerous cryptocurrencies have seen prices plunge. As of last week, 40% of bitcoin investors were underwater on their investments, according to data from crypto intelligence firm Glassnode. Bitcoin, which is the largest cryptocurrency by market cap, has its lost half its value over the last few weeks. Last Thursday, May 12, …

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