What happened to crypto after the earthquake?

Aftershocks from the massive earthquake in the trillion-dollar crypto industry last week continued to reverberate on Monday. Prices of digital currencies fell again as the crisis engulfing the market deepened over the weekend. Bitcoin, the world’s biggest cryptocurrency, has plummeted about 65% so far this year.

What happened to bitcoin?

In mid-March, Bitcoin broke through the $42,000 mark on the news that Ray Dalio's Bridgewater Associates hedge fund was set to invest in the digital asset. Read more: FTX bankruptcy sees 80,000 UK crypto investors lose funds

How did the crypto sell-off mirror the stock market?

A massive sell-off of cryptocurrency erased more than $200 billion from the crypto market in a single day with the price of Bitcoin plunging to its lowest level in 16 months. NBC News’ Priscilla Thompson reports on how the sell-off mirrors the overall stock market with investors fleeing over fears of soaring inflation and a possible recession.

Did cryptocurrency have a moment?

"Impact x Nightline" takes a look at the victims of the financial collapse. It seemed like cryptocurrency was having a moment. At the start of 2022, the Super Bowl featured celebrities like Tom Brady, Larry David and Matt Damon in commercials for crypto companies.