A CATASTROPHIC drop in the cryptocurrency market led to an almost $300 million loss in liquidations this week.
Bitcoin prices, in particular, dropped by as much as $3,000 early Tuesday, though it is slightly back up over the past 24 hours as of Thursday morning.
Plus, “futures on ether, the native currency of the Ethereum network, saw over $57 million in liquidations,” Coindesk reported.
Other major coins, such as Solana and Terra, also saw losses, the outlet reported. Shiba Inu and Dogecoin have also been down over the past week as of Thursday.
Meanwhile, Ethereum, Decentraland, and Basic Attention are all tokens that some experts think are poised for rebounds in 2022.
Contributors at Motley Fool think those three cryptocurrencies could see gains next year no matter what else happens with the highly volatile market.
“Ethereum stands out as a great crypto for 2022 and beyond,” the outlet noted, but the site thinks BAT and Decentraland are good bets, too.
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A crypto-trading hamster outperformed market
A hamster in Germany previously traded in cryptocurrencies and consistently outperformed the S&P 500.
The furry animal, called Mr Goxx, was busy working since June, thanks to a specially adapted cage.
He determined which currencies to buy or sell by running on his wheel or walking through one of two tunnels.
Mr Goxx started trading on June 12 this year.
The site states that the page is just for fun and…