Has Crypto Investment Crashed?

Cryptocurrencies have taken a beating over the past few weeks, with several of the biggest names in crypto plummeting. The price of Bitcoin (CRYPTO:BTC) is down nearly 50% since April, Ethereum (CRYPTO:ETH) has dropped by around 53% since May, and Dogecoin (CRYPTO:DOGE) has plunged close to 60% over the past six weeks.

Can you lose all your money in crypto?

Once a hacker has access to your Bitcoin wallet, he or she can drain you of all your cryptocurrency, just like someone who has your debit card can take all of your cash. However, if you lose your crypto to a hacker, no bank is going to replace it for you.

Why is crypto crashing now?

Bitcoin and other cryptocurrencies were crashing Monday amid a global selloff in risk assets. The tumble appears to have been triggered by the mounting problems at embattled property giant China Evergrande Group. Bitcoin, the world's largest cryptocurrency, was off 7% Monday to around $44,000.