Crypto Monday - Payback for Investors in Digital Assets
That's the name given to what's happening in the cryptocurrency market today by CNBC's Jim Cramer. In his opinion, this is only the "first day" of the market crash. Ironically, Cramer himself managed to sell off his crypto assets "with virtually no loss" from his initial investment.
Kramer also noted that the drop in bitcoin and the crypto market in general is not a systemic risk, but rather a "necessary purge of speculation."
