Recently, there's been only one constant for Bitcoin: drop after decline after decline. And the superlatives have been piling up fast.
Riskier assets throughout the world have slumped as the Federal Reserve prepares to remove stimulus from the market. Bitcoin, the most valuable digital currency, fell more than 12% on Friday, falling below $36,000 for the first time since July. It has dropped approximately 45 percent of its value since its high in November. Other digital currencies have suffered in the same way that mine has.
In a note, Bespoke analysts noted, "It gives a notion of the scale of value loss that percentage falls can disguise." "Crypto is, of course, subject to these kind of selloffs due to its historically higher volatility, but given how enormous market caps have gotten, volatility is worth considering both in raw dollar terms and in percentage terms."
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