On the bright side, Bitcoin has not completely tanked. More than 80,000 BTC of this nearly €4 billion hoard was potentially sold (we can't confirm if Bitcoin was actually sold yet, but it was sent to exchanges) during the mad rush to get the US dollar back. This caused a price reaction, of course, but again the broader crypto market was sold off because bad things were happening in a major crypto project (LUNA was once the 500th most valuable cryptocurrency). Add to that the precarious macroeconomic environment and the general sentiment of risk in the market, and it seems almost impossible that Bitcoin still has a market capitalization of more than €XNUMX billion.