Mark Zuckerberg, Facebook Say Goodbye to Their Crypto – JulieSimba
Mark Zuckerberg, Facebook Say Goodbye to Their Crypto

Mark Zuckerberg, Facebook Say Goodbye to Their Crypto

There has been no official announcement.

And even if there was one, this announcement would have gone unnoticed: Mark and Zuckerberg and his company, Meta Platforms (META) – Get Meta Platforms Inc. Reportno longer have a digital payments project.

Zuckerberg has chosen his moment well: the crypto sector is currently going through a crisis of confidence marked by a fall in the price of digital currencies. Bitcoin, the king of cryptocurrencies, has lost 71.3% of its value since its all-time high on November 10, according to data from CoinGecko. Ether, the second cryptocurrency by market value, is down 78% from its November all-time high as well. Overall, the crypto market has lost over $2.1 trillion in eight months.

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