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What's happening to Bitcoin and the NASDAQ?

The Nasdaq has posted its worst week since the start of the pandemic, wiping billions from the wealth of tech billionaires, and Bitcoin is down nearly half from its peak level.

Why has bitcoin dropped to a two month low?

Bitcoin has posted its biggest one-day drop in almost two months, amid warnings that novice investors could suffer heavy losses from speculating in crypto assets such as “meme coin” dogecoin. Bitcoin tumbled more than 11% on Sunday, dropping from about $62,000 (£45,000) to $55,000 – its lowest level since the end of March.

What is the biggest cryptocurrency loss?

Mt. Gox was the biggest Bitcoin loss and affected the most people but as cryptocurrencies have fallen, plenty of other people have lost eye-watering amounts. Here are some of the biggest crypto losses. Chris Larsen Loses $44 billion. One way to make a lot of money with cryptocurrency is to create a coin that lots of other people trade.

How much is bitcoin worth now?

At Bitcoin's peak, their holdings were worth $2.34 billion. They're now worth just $720 million, a loss of $1.62 billion. Having put in $1.2 million for that result, it's unlikely that they'll be crying too hard over their lost fortune.

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