Crypto currency has been pounded for the last month. Bitcoin reached 18,000$ which is utterly insane, but it kept the rest of the market up. It started crashing hard, and in 3 weeks, all of crypto is around 60-70% was lost.
Now the stock market has lost a mere 11% or something but it is the worst week since 2008. 2008 was a very bad year, it was when the economy essentially crashed and everything froze. I tried finding job around then and you couldn’t.
We will see if the two of them are related, or if crypto was just a correction and if there is a flight from ‘real’ money.