Cryptocurrencies crashed this week. Digital coins are still the future

in #currency • 5 years ago

It hasn't been a great week for digital currencies.

Bitcoin is trading nearly 40% below its record price of $64,000 following a sudden crash sparked by regulatory moves in China. Ethereum is down more than 35% from its all-time high, and dogecoin is off more than 45%.

Investors expect cryptocurrencies to be volatile. But the severity and breadth of the pullback has traders worried about a potential bubble, and observers are asking tough questions about whether coins are good stores of value.

#crepto #value #pricr
5 years ago in #currency by
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