What Sent Crypto Plunging 50% Lower? Top CEO Weighs In

The Thursday before last were arguably some of Bitcoin’s worst days ever; the crypto asset saw a 40% loss, which was the second-largest percentage collapse in BTC value in a day, second only to the Mt. Gox meltdown. At the drop’s worst, the cryptocurrency was down 50% in a single 24-hour period, falling from $7,700 to as low as $3,800.
Unsurprisingly, many traders were caught with tier pants down during this move, so to say, with crypto exchange BitMEX reporting that nearly $1 b