Monday's Cryptocalypse, Explained

Quite possibly the worst day of trading in cryptocurrency history.

Monday's Cryptocalypse, Explained

This post originally appeared on Observer.com.

Today (June 13) was one of the worst market days in the brief history of cryptocurrency trading. Several of the world’s largest cryptocurrencies, including bitcoin and Ethereum experienced double-digit percentage drops in a matter of hours. Today's plunge is the latest in a slide that began in late 2021, and brings the total value of cryptocurrencies to below $1 trillion; in late 2021 it was $3 trillion.