Sometimes a fancy new investment vehicle, most recently the metaverse ETF, doesn’t perform as well on the market as last year’s model; bitcoin and other cryptos see red again on Monday. thesamreynolds and JPRubin23 report
A day after bitcoin broke a week-long losing streak, the largest cryptocurrency by market cap and other major cryptos were in the red again on Monday.
Bitcoin and other cryptos' performances dovetailed with equity markets, which dropped slightly on Monday and have been tumbling since last fall as inflation and supply chain issues continued to surge and investors became more risk averse. The tech-heavy Nasdaq dropped more than a percentage point on Monday.
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