bitcoin crash
Cryptocurrency has been having a wild ride. After starting the year reaching staggering new highs and shattering records, it's now plummeting just as quickly. Bitcoin ( CRYPTO:BTC ) and Ethereum ( CRYPTO:ETH ) are both down around 30% since mid-May, and Dogecoin has dropped by more than 40% in the same time frame. For investors who are new to crypto or are considering buying, this sudden crash may be nerve-wracking. Whether you're thinking about buying, have already invested, or are simply curious about what's going on with cryptocurrency , there are a few things to know about the latest crash. IMAGE SOURCE: GETTY IMAGES. 1. What caused it? The crypto crash appeared to come out of nowhere, but there were a few factors that led up to it. For one, Tesla CEO Elon Musk announced that the company was suspending its acceptance of Bitcoin as a form of payment due to concerns over its impact on the environment. ...