Crypto Billionaires Have Just Lost $15.5 Billion in Nine Days Crypto Crash
Crypto Exchange FTX CEO sam bankman-fried portraits sam bankman-fried, cofounder and chief executive. Soon after the price bitcoin rised to $59,423 per coin at lately midnight on May 10, eventually, the price of the crypto market began a dramatic decline, dropping 35% over the next nine days and taking the net worth of 13 crypto millionaires in the process. By CNBC estimates the number of billionaires who built their hopes and fortunes in the world of cryptocurrencies has lost a whopping amount of $15.5 billion, as their initial net worth dropped from $62.3 billion to $46.8 billion, as of 3 pm E.T on Wednesday.
Bitcoin has been on a wild ride with the cryptocurrency market dripping to as low as $30,846 around 9am on Wednesday before it pumped to $38,083 at 3 pm. one year ago, bitcoin was trading at around $9,700 per coin.
