Is Crypto Dead? Last Week Was Tough

But there's no denying bitoin has a unique place in history

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For crypto speculators, newbies and “get rich quick” thrill-seekers, last week was tough. The Chinese government re-signaled its displeasure with bitcoin and all things crypto, the IRS announced it is going to do what it can to tax every possible crypto transaction, and Elon Musk tweeted, scaring the hell out of people who pay attention to him. Panic ensued. When it was over, Wednesday’s crypto crash vaporized about $1 trillion of market value.