Crypto Crash: Why Some Experts Think The Current Pullback Marks A Healthy Correction

Crypto Crash: Why Some Experts Think The Current Pullback Marks A Healthy Correction

Share to Linkedin Cryptocurrencies including Bitcoin and Ethereum have racked up huge losses this week, yet some crypto experts say such volatility is normal and to be expected from such a speculative asset class that has already enjoyed immense price appreciation in such a short time. Bitcoin is down around 40% since its all-time high in April–but experts say these "wild price ... [+] movements" are not surprising to them From its all-time peak of $64, 829. 14 in mid-April, Bitcoin has plunged more than 40% in value, while Ethereum has dropped by a similar amount from its all-time high of $4, 382. 73 set earlier this month. Shares of Coinbase Global, the U. S. crypto exchange, have dropped 31% since its ballyhooed initial public offering in mid-April. But Meltem Demirors, chief strategy officer at CoinShares, a London-based company that offers digital asset investment strategies, told CNBC on Wednesday that the current correction in crypto is "healthy" and "normal" and that she remains a long-term crypto bull. Luke Lloyd, investment strategist at Strategic Wealth Partners, a self-described crypto bull, told Forbes that corrections like this play a large part in crypto markets because they are speculative assets based solely on