Business

Crypto’s Excruciating Week Has Traders Bracing for Next Crisis 

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As the dust settled at the end of the week, the damage was startling. Bitcoin has fallen for 11 straight days, its longest ever sustained slump. It’s currently hovering above the $20,000 level, a loss of more than 70% from its highs in November when it was approaching $70,000. Ether is struggling to hold above $1,000, having sold for as much as $4,866 seven months ago. What was once a more than $3 trillion industry is now a less-than $1 trillion industry.



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