The crypto market suffered one of its most dramatic selloffs in years this week as the prices of top cryptocurrencies declined as much as 35% week-over-week as fears of a broad economic recession intensified.
On Saturday, the total global market cap of cryptocurrencies sank below $850 billion as top tokens tumbled.
Ethereum is trading at half of where it was one month ago, falling below the $1,000 price barrier which it has traded above since January of 2021. That figure is down roughly 80% since it’s all-time-high in November of last year. Bitcoin, the largest cryptocurrency by market cap, similarly eclipsed an important price barrier Saturday, fal …
