After a steady three weeks, crypto has taken a plunge
Crypto prices tanked in the past few days, sending the values of digital tokens plummeting to low levels.
Bitcoin and ethereum are among the $250 billion crypto crash.
In total, cryptocurrency’s market cap dropped by eight per cent, from US $2 trillion to $1.84 trillion dollars
That’s an eye-watering loss of over $160 billion.
Ethereum was down almost 10 per cent while bitcoin follows close behind, down eight per cent.
Avalanche fell by 12.6 per cent, Solana by 13 per cent and Cardano by 12 per cent.
Its now reaching just over 40,000 US dollars a coin.
The massive drop could be due to new bans imposed on crypto as Russia continues to try to evade economic sanctions because of its war with Ukraine
Last week the European Union banned the use of crypto services to Russia.