Bitcoin drops more than 50% below its high.. Why is the market mood shifting? Economie

The world's most valuable cryptocurrency fell 5% on Monday after falling again over the weekend. Bitcoin prices are now down about 15% in the past week. At just under $32,000, bitcoin is more than 50% below its record high near $69,000 late last year and at its lowest level since July 2021.

Other cryptocurrencies, sometimes referred to as altcoins, have also been hit hard. Ethereum, binance, solana and cardano are down around 15% in the past week, while Elon Musk's beloved Dogecoin is down 10%.

Cryptocurrencies have proven to be just as risky as stocks and subject to the same fears that cause the Dow, S&P 500 and Nasdaq to fall