What caused the Bitcoin & Crypto crash?

The brutal bitcoin and crypto crash was partly sparked by the collapse of top ten cryptocurrencies luna and its dollar-pegged so-called algorithmic stablecoin last month. Problems were then exacerbated by major crypto lender Celsius halting withdrawal just this week.

How has the crypto crash impacted the broader crypto sector?

The crypto crash has also led to a massive plunge in the shares of publicly traded companies with ties to bitcoin, such as Coinbase, crypto mining firms Hive (HVBTF) and Riot (RIOT) and bitcoin bank Silvergate (SI).Overreaction in the broader crypto sector?

What happened to bitcoin -1 2%?

Bitcoin BTC -1.2% has crashed under $20,000 per bitcoin after a huge crypto market meltdown wiped away around $400 billion of value in just a week— with some traders' worst fears materializing. Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and successfully navigate the volatile bitcoin and crypto market

Is this the most painful week in crypto history?

“This is among the most painful weeks in crypto history & one we’ll reckon with for a long time to come,” Jake Chervinsky, the head of policy at the DC-based lobbying firm Blockchain Association, wrote on Twitter.