BITCOIN COLLAPSE 80%
Bitcoin has lost 80% of its value since peaking near $20 000 in late 2017, according to The
Wall Street Journal. The cryptocurrency plunged to below $3 650 on 26 November, after losing nearly a third of its value over seven days the week before – one of its worst sell-offs on record, said the publication. According to online site Tech Central, bitcoin’s slump has wiped about $700bn off cryptocurrency markets. XRP and ether, the second and third-largest virtual currencies respectively, are both down roughly 90% since their record highs, according to CNBC’s website.