BIT­COIN COL­LAPSE 80%

Finweek English Edition - - In Brief -

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.

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