Bitcoin worth less than half what it was in October as markets drop

Published January 24, 2022 3:57pm ET



Bitcoin’s rout worsened over the weekend, and the flagship cryptocurrency is now worth about half of what it was at its peak just months ago.

Bitcoin was trading at $33,500 on Monday morning, off by more than 21% from a week ago. Ethereum was down 9% to under $2,200, a staggering 32% decline from last week, and Cardano dipped below $1, a 35% drop from a week ago.

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