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StockNews.com
Business
Anushka Dutta

HISTORICAL FACTS: 2 stocks to avoid amid the crypto bloodbath | History Defined

MARA Crypto Riot Bitcoin blockchain Marathon Digital Holdings, Inc Mining Riot Blockchain Inc

The cryptocurrency market experienced a bloodbath in May and June, losing $1 trillion in value in weeks. The crypto market has been hard-hit by the challenging macroeconomic environment. In May, Bitcoin fell below the $26,000 mark for the first time in 16 months, dragging other cryptocurrencies with it. The crash has also increased the chances of regulation.

Bitcoin has been trading between $20,000 to just over $24,000 since mid-June after the crash wiped off 50% of its value this year.

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