Crypto Currencies Meltdown Erases More Than $1 Trillion in Market Value

The video discusses the recent volatility in Bitcoin prices, highlighting a significant drop over the past week, marking the worst week in eight months. It explores the impact on other digital assets like Ethereum and Solano, and the role of external factors such as the Federal Reserve's policies and potential regulatory actions by the White House. Analysts predict further declines, with Bitcoin possibly dropping to $30,000.

What was the percentage drop in Bitcoin's value from its peak during the recent volatility?

• 50%

• 90%

• 30%

• 70%

Which digital asset experienced a 12% drop over the weekend?

• Bitcoin

• Ethereum

• Solana

• Cardano

What was one of the reasons for the additional selling pressure in the market?

• Rise in tech stock prices

• Liquidation of margin positions

• Introduction of new digital coins

• Increase in Bitcoin mining

Which country's actions are contributing to the new pressures on Bitcoin mining?

• India

• China

• Brazil

• Russia

What potential action by the White House could impact Bitcoin's regulation?

• A new tax on digital assets

• A subsidy for Bitcoin miners

• A ban on Bitcoin trading

• An executive order