Title : Cryptocurrencies Continue To Crash
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Cryptocurrencies Continue To Crash
Yahoo News: Bitcoin continues downward spiral after volatile week that crashed crypto market
Crypto investors have been kept on their toes after China, Elon Musk and regulation fears sent a number of popular tokens deep into the red in recent days. The volatility shaved billions off the wider crypto world's value after deep correction hit the market.
The global crypto market lost 9% in the last 24-hours alone, according to data provider CoinMarket. Bitcoin (BTC-USD), ethereum (ETH-USD) and dogecoin (DOGE-USD) have been struggling to return to the record highs recorded in April since the turmoil, with prices yo-yoing throughout the week.
The price wash out continued on Sunday, with bitcoin dipping as much as 14.5% to $33,038 (£23,347) around 2:30PM in London, after brief gains on Saturday.
Other currencies followed a similar trajectory, ethereum — the world's second largest crypto — crashed 23% to trade at $1,901, while dogecoin fell as much as 20% to $0.28 during the session.
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WNU Editor: Almost $1 trillion has been written off in the crypto markets in the past two weeks. It looks like this is a trend, and the bottom has yet to be seen.
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