John Wu, Ava Labs President, joins Yahoo Finance Live to discuss to the dip in Bitcoin and the volatility in crypto.
ALEXIS CHRISTOFOUROS: Crypto selling prices go on to crater on Wall Street even with the broader rally we are observing in the fairness markets nowadays. Bitcoin is down an additional 7% proper now and is down about half from its peak that we observed again in April. Don’t forget when Bitcoin was over $65,000?
We also have other smaller electronic currencies following go well with. This is as China expands its crackdown on Bitcoin mining.