Bitcoin Plummets Below $20,000 for First Time Since Late 2020
— Blockchain technology, Previous one, Talk shows, Plummets, Venture capital firm andreessen horowitz raised, Terraform labs, Agency, First country, Called stablecoin, El salvador ’ — 1 min read
Excitement hit a peak in April last year when Bitcoin topped $60,000 for the first time. El Salvador announced it would become the first country to classify Bitcoin as legal tender, alongside the U.S. dollar. The value of El Salvador’s $105 million investment in Bitcoin has been slashed in half as the price has fallen. The Super Bowl featured four ads for crypto companies, including Matt Damon warning viewers that “fortune favors the brave” Investors began losing confidence in their crypto investments, moving money to less risky assets. Several high-profile projects crashed amid withdrawals, wiping out billions in value and sending the broader market into a tailspin this spring. In the past, the Super Bowl included four Super Bowl ads for Source