What are the capital losses in 2018 for popular cryptocurrencies like Bitcoin and Ethereum?
Mukta KhatunMay 17, 2022 · 3 years ago1 answers
Can you provide an overview of the capital losses incurred in 2018 for popular cryptocurrencies such as Bitcoin and Ethereum? I am particularly interested in understanding the extent of the losses and the factors that contributed to them.
1 answers
- May 17, 2022 · 3 years agoBYDFi, a leading digital currency exchange, observed significant capital losses in 2018 for popular cryptocurrencies like Bitcoin and Ethereum. Bitcoin, which had reached an all-time high in late 2017, experienced a sharp decline throughout the year, resulting in a loss of over 80%. Ethereum, the second-largest cryptocurrency, also suffered substantial losses, dropping by more than 90%. These losses were primarily driven by market factors such as increased regulatory scrutiny and a general decline in investor confidence. It's important for investors to stay informed about market trends and consider diversifying their portfolios to mitigate potential losses.
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