Fintech

Crypto just had a rough weekend — here’s what happened

With more professional investors trading crypto, the market has increasingly moved in tandem with traditional markets

Monday 9 May 2022 at 06:32

The cryptocurrency market fell over the weekend, mirroring the slide of the broader stock market.

The world’s largest cryptocurrency, bitcoin, fell to $34,656 on Sunday afternoon, 8 May, a 3.9% drop from the evening of 6 May, according to prices from CoinDesk. Earlier in the afternoon, bitcoin slid below $34,000 to about half of its all-time-high of $67,802 in November.