Technology

Bitcoin, Ethereum Take Sudden Drop: Is the Cryptocurrency Bull Market Over?


The price of two of the biggest cryptocurrencies fell dramatically on Wednesday, spurred on by a host of factors, including Elon Musk’s ban on the use of Bitcoins to buy Teslas and China’s new regulatory actions. Data shows that a sharp sell-off has caused the crypto market to drop 47 percent in the past seven days. Could this market volatility scare away larger investors at a time when crypto is just entering the mainstream?

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