Cryptocurrencies Plummeted Amid Talk of Clampdowns—But We Don’t Really Know Why
Bitcoin and other competing digital currencies have been suffering downturns, though you shouldn’t believe anyone who tries to tell you exactly why this is happening.
The numbers: At the time of writing, Bitcoin’s price was down more than 20 percent in the past 24 hours, hovering around $9,500. (It hit a high of more than $19,000 in December.) In fact, nearly every cryptocurrency has lost significant value during this most recent of crashes.