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Cryptocurrencies have taken another dive this week. And this crash follows seven months of declines, even for the big names in the game. Bitcoin, for example, is down more than 60 per cent from its peak in November. And on Monday, a crypto trading platform froze all activity, further rupturing the price of a lot of digital currencies.
Globe and Mail columnist Tim Kiladze explains why even with such a volatile sector that has constant ups and downs – this crash matters and what retail investors with money caught up in crypto should do.