This year, 2022, has not started well for cryptocurrencies be it Bitcoin or Altcoin, everything seems to be underperforming.
Bitcoin is trading at a 3-month low, down 10% for this year and it has also hit a low below $ 40,000. This is after an all-time high of almost $ 68,000 the year before, but there is a sell off of all risky assets. However, the major point is the type of sale that has been observed over the past 24 hours.
Of course, a lot of people find this a good level to start buying, but the markets believe there is even more downside in the days ahead for the sector.
Watch the accompanying video of CNBC-TV18’s Manisha Gupta for more details.