WHY ARE CRYPTO MARKETS DOWN?
Cryptocurrencies are volatile which means the price can rise and fall sharply.
You can be left with less money than you put in and remember, you should never invest money that you can’t afford to lose.
At the time of writing, Bitcoin has fallen by 10.7% to $48,082.28 today, according to CoinMarketCap.
Last week Bitcoin hit record highs, surging above $64,000 for the first time ever.
Ethereum, the second-largest cryptocurrency, also hit record highs last week rising to $2,547 but has since tumbled. Today it is trading at $2,173 at the time of writing, down just over 11.35% at the time of writing.