Reddit IPO pops, Bitcoin price drops, and millionaires want out
Bitcoin’s value fell below $61,000 on Wednesday, dropping 8% in the past 24 hours after reaching its weekly peak. The decline is the biggest slide in a day since FTX’s collapse in November 2022. Other cryptocurrencies also suffered a sharp drop, wiping out $400 billion from the crypto market since Bitcoin’s peak, according to crypto tracking website CoinMarketCap.
