Topic: Cryptocurrencies’ $600 billion crash hits a new low (Read 1053 times)
It's just a correction ! The correction allows people to enter the market again and the market to cool down before a new price increase. It was obvious that there would be a correction with such an aggressive growth.
I think it is recommended that you post the sources so we can read in depth what you're posting, they can always be whales trying to manipulate the market, that sell-off are made to spread the fud and lower $500 on the price of bitcoin, the rare thing is that just after this sudden crash the market slowly recovers to reach $ 6500 again.
I have mixed feelings about it, because on the one hand this type of unexpected falls have scared the big capital that many were waiting for this year, which is a disappointing matter for those who dared to invest in cryptocurrencies at the end of last year. However, on the other hand it causes me some joy to see that the crypto-universe is being purified of the high speculation that was completely dominating the market, moving each crypto according to the whims of the capital, regardless of the technology or utility that supported it, and this would mean a breakthrough in the search for better technological solutions to the current economic problems, without the pressure that capital usually exerts for the pursuit of profits.
This is not a real crash for crypto, it has gone much lower in other years, but people only remember the good times and tend to forget that even stocks falled 90% in the internet bubble.
There are a lot of things that is going on in the market which are affecting the prices and one of those is the fact that so many people are dumping their coins and taking out so much money from the market. I don't think that the crash is done yet and the price of the coin is most likely going to go even lower with time. We should all get ourselves ready for the inevitable long bear market
You have to be careful with this, because it all affects your wallet, you can lose everything and always have to think about the consequences.This is a black market, it is always unpredictable, so you need to stick to it, because it is dangerous for the general market. Always think about it. 
I suppose that there will be much more amazing and greatest hits bottoms because crypto is developing and its volumes are growing very fast now.
Cryptocurrencies’ $600 billion crash hits a new low
A broad selloff in cryptocurrencies of all sizes reduced the market value of virtual currencies tracked by Coinmarketcap.com to $230 billion, the lowest level since November
Bitcoin retreated as much as 7% to $6,393.70 in London, extending its 2018 drop to about 55%. Photo: Bloomberg
Bitcoin retreated as much as 7% to $6,393.70 in London, extending its 2018 drop to about 55%. Photo: Bloomberg
Eric Lam, Bloomberg
Hong Kong: The 2018 selloff in cryptocurrencies plumbed new depths on Wednesday after the US Securities and Exchange Commission dented enthusiasts’ hopes for an exchange-traded fund backed by Bitcoin.
A broad selloff in coins of all sizes reduced the market value of virtual currencies tracked by Coinmarketcap.com to $230 billion, the lowest level since November. Digital assets have now lost about $600 billion since crypto-mania peaked in January, equivalent to erasing the entire market value of Visa Inc. twice over. (Shares of the payments processor are trading
A broad selloff in cryptocurrencies of all sizes reduced the market value of virtual currencies tracked by Coinmarketcap.com to $230 billion, the lowest level since November
Bitcoin retreated as much as 7% to $6,393.70 in London, extending its 2018 drop to about 55%. Photo: Bloomberg
Bitcoin retreated as much as 7% to $6,393.70 in London, extending its 2018 drop to about 55%. Photo: Bloomberg
Eric Lam, Bloomberg
Hong Kong: The 2018 selloff in cryptocurrencies plumbed new depths on Wednesday after the US Securities and Exchange Commission dented enthusiasts’ hopes for an exchange-traded fund backed by Bitcoin.
A broad selloff in coins of all sizes reduced the market value of virtual currencies tracked by Coinmarketcap.com to $230 billion, the lowest level since November. Digital assets have now lost about $600 billion since crypto-mania peaked in January, equivalent to erasing the entire market value of Visa Inc. twice over. (Shares of the payments processor are trading
It is because so many people are selling off the coins that is why the prices have gone down so much, there is way too much money leaving the market and not enough money coming in for there to be any significant increase in the price of the coins. It will take a while for us to make it out of this market.
"In crypto currency market value is reduced in a very low level its very disappointing its impact in crypto world will be bad but it will not be stable the price will rise soon.
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Market value of crypto declining very fast and create some low value record. And it’s risky for cryptocurrency and it’s not still clear that crypto will survive or not.
Crypto Prices are suddenly decreasing rapidly` It’s harmful for crypto existence. Wish crypto will be come back again and it’s market value will be high.
If we look at the past pattern of btc we can see that it goes up and down in a cycle. yes sure it is rapidly going down now, but it will go up again. currently btc is priced at $6427 and constantly dropping. Btc has went down from the start of this year. So i assume it will go up next year or so. But is is not as low as you are thinking. It is still good enough.
if the news is true, this is very scary. but i don't think the situation of the market are bad at all what actually we thought. i think this is for short time. hopefully it will be ok.
The crypto is going bad now. Prices have gone from previous years. It is estimated that $600 billion is lost from crypto. I think the crypto market will turn around. Such prices decrease and turn around. Until that time we have to wait.
I am not so surprised. Something like that should be happened so now we have this situation. I think everything will be ok here and all problems will be fixed.
In my opinion, the market for encrypted currencies will be further adjusted, and many people will decide whether to continue buying coins after the market adjustment is completed.
Panic is our worst enemy. I agree that the situation in the market leads to fear, but it is necessary to suppress it and look soberly at the situation. It is too early to panic, because bitcoin has already fallen so low this year. However, I am very worried about eth and altcoins. But still, I am sure that soon everything will normalize and prices will go up.
Its a very difficult season and I dont think the bitcoin enthusiast had ever experience this market slide. Even the market analyst and speculators had turn to liars because the markets looks quite different. Previously any bitcoin slump fortifies other altcoin but now we dont understand how the altcoin respond to bitcoin. It is beyond market manipulation and people are losing confidence, and people's confidence is very important in this market.
I am sure that some of those who read this would have been scared by now and can make others who have been in fear to be more scared. I just wished everyone can just be very confident on crypto. I just smile whenever people tell me that they are scared and that they do not know what tomorrow will tell. The rate of plunge in price is high, not just in bitcoin price alone, but also other coins that have been in existence for some time now.
I think it's too early to panic. After all, bitcoin has grown 4 times in a year. What is happening in the market now is normal and after the fall growth will follow.
It is difficult to predict the crypto market, but analyzing the last year's price list, it can be seen that the price at the end of this year could exceed $ 10000. Good times or bad times in business can go. It will be frustrating for him. I think the crypto will give something better in the future. Now there are low prices. That means the time is right to invest in crypto.
Errors and failures happen. The ultimate success depends on how persistently you will be failing, how correctly to draw conclusions from your mistakes and how to persevere in learning new things. And, of course, from the general stock of experience that you will gain. The loss is not only for those who were in principle not adapted to difficult conditions, but also those who surrendered too quickly, although their intellectual potential definitely gave hope for success. Do not rush to be disappointed in yourself and the prospects of crypto.
At the beginning of the year, very many were counting on the growth of the crypto market to 2-3 billion. Dreams are broken by cruel reality 
P.S. While in this market there is at least 1 dollar - it exists. This gives hope.
P.S. While in this market there is at least 1 dollar - it exists. This gives hope.
Bitcoin is still green for me I have bitcoin since it was 800 $ so that’s almost x10 the market it’s doing a great thing which is getting rid of a lot of shit coins . Relax invest on quality project and wait for the next bull run nothing more to add
I agree that it is a very disappointing news and we still didn't find any specific reason behind it so now we should have patience so that we could wait until the market start progressing again
really scary how fast it goes down with the prices. i really wonder if i should really invest my money in crypto money? at the moment, it looks like this is not a good decision.
Yeah I have heard this news early but I didn’t find any problems regarding the price of the coin. It is still a good state if I consider my condition. I hope less people gets down by it.
I am not sure this is complete news as the market is not really reacting to this. I have also heard upraise of market price recently. The second one seems to be true to me if consider the market condition
This kind of news really scares me a lot. If the market starts crashing like this it will surely hamper the price and that is the last thing I want in the world. I hope the market gets stable again.
It’s a big blow to the companies and the investers. $600 billion man! What will happen to the ICOs I don’t know. But I think they will overcome the lose and make them stable again.
What is your purpose for making treads like this?
what I know is that we have to build a lot here so that crypto development will improve even more.
not spread unclear news like this.
what I know is that we have to build a lot here so that crypto development will improve even more.
not spread unclear news like this.
It is a really unpredictable how the market goes ups and downs. It is really a bad news for us but we hope we can overcome this. Understand fully how the market works.
Look,it is really very scary that there had a crash in the market,but still it is running. Last year people said bitcoin is a bubble, but still it is running. It will be stable in few days.
I’m optimistic but at the same time, I’m also scared because of the situation. The rapid downfall of cryptocurrency giving me butterfly in my stomach. Let’s see and wishing for the best.
Many investors become scary and selling their coin or shifting to other. These are the main reason of falling the price. We should keep patience. Those who understand crypto well take suggestions from them. The market will hit again soon.
Last week all high or medium risk assets decreased very much. It is all because unstable situation in world trade market. It could go down lower I think. Only US dollar increase now. And it is very sad for crypto-investors.
Calm down everyone. There is nothing to panic. Everything will be settled very soon. Price can be fall and rise again. These are common thing in crypto market. Just keep patience and hope for the best.
Market was in it overbought area using technical analysis and the recent sec bitcoin etf decision delay are factors that caused the recent market downtime. Believe it will stabilize soon.
It’s not a good news for this market. But it also true market can change at any time. I believe price will rise again. That’s why needs some time for stable the market.
If this news is true then it will be very disastrous for us based on this here you should provide the authentic news so people can understand this is rumor or not.
If this is true then this is a devastating news. Since there is no links or references to the source, this will not be vouched as authentic or valid news.
For me this news is alarming but i can't understand why prices are falls down so quickly. Bitcoins price is also below average. Now wait and see what will happen next. Hope market will stable again.
There are no links or souces here in the post that can vouch for its authenticity. These sort of posts can get ignored, even if they are true, because it has no proof for being real. make sure you post the sources.
This is a very sad news to see, especially given that there were some positive news from SEC. But also, there are no source to this news. It will be better if these were provided, so that it can be proved if these are authentic or not.
Since the rejection of Winklevoss' bitcoin ETF proposal the market has gone bearish an seems like it will continue to be like this untill the next hearing of VanEck’s ETF proposal which is on next month. There has been a lot of specualtions regarding this and crypto enthusiasts are predicting that it has a better chance to get approved.
I think that there is no need to worry, cryptocurrency has already gone through great troubles, but each time it's been restored. Perhaps this is again some kind of manipulation to convince people to withdraw their investments when they are less than the original price.
Don’t panic. If we see the last year what was the price? It’s nearly $2k. But now it increases 3-4times. This market is uncertain. Ups and downs are very natural here. It will increase more again. There is nothing to worry that much. Keep patience.
The pending bitcoin ETF might play small roles in reviving the market again but there's a very small chance for that to happen considering the recent stand SEC has taken regarding the manipulation of crypto market. Seems like the bearish trend will continue for a bit longer than we expected. But if the market is following elliot wave's theory then we are currently in 4th wave waiting for the 5th to come which is the bull run.
This data was at that point known by the individuals who comprehend advanced monetary standards. There are a few strings that clarify why certain coins have preposterously high valuations and so forth. Focus on the general population who comprehend crypto and how the market functions, rather than the manikin sham records and most abundance publicity machines.
During the last Bitcoin ETF hearings a lot of people converted their Alts to BTC in expectation of making profit once the ETF gets approved. It caused the ALT market to crash. Now that, ETF also got rejected, a lot of people are panicking and selling off their BTC as soon as they can. But, the situation is quite stable now for last 3 days. BTC haven't experienced any further dip and hopefully will start recovering soon.
Disaster year really. Who would have thought after so many good news coming daily. Its simply market manipulation by the wales. They become rich after last year run an now they are squeezing weak hands out by selling in loss
I bought bitcoin a year ago at a price of 1 800 - 2 000 dollars, now it costs about 6 500, it has increased more than 3 times. I do not understand you guys, why do you cry and write these messages. I see absolutely nothing wrong with what's happening right now. Look in the media, a year ago everyone said that bitcoin is a bubble and it will burst, now I do not hear these words and it's really very cool!
Exactly. I think the problem is a lot of people came into crypto wanting to get rich quick, without understanding (or valuing) the tech itself. Now the price has dropped they think they are left with nothing.
Prices WILL rebound and when they do, those that sold at the bottom will be even more salty when prices go back up then they were when prices dropped in the first place
I bought bitcoin a year ago at a price of 1 800 - 2 000 dollars, now it costs about 6 500, it has increased more than 3 times. I do not understand you guys, why do you cry and write these messages. I see absolutely nothing wrong with what's happening right now. Look in the media, a year ago everyone said that bitcoin is a bubble and it will burst, now I do not hear these words and it's really very cool!
Mate, you are lucky, you are in x3 profits. But think about them who invested in bitcoin when its price was 17K to 20K USD? They heard bitcoin will hit 40K USD and they believed. But after then we are seeing the history of falling bitcoin price. A lot of investors are not being happy for this long time bearish market. Think about them. You will find why they ask some types of question.
Better way of this articles are supported with official link which is the best procedure to know more behind in this bear months, to understand it better the whole scenario. otherwise, we hope that this market situation will recover it so soon.
Yes, bitcoin price is on the low, and people are very worried about it. But in reality, there is nothing to worry about. If you study about the previous years bitcoin prices, you will see that current bitcoin price is several times higher than the previous price. Though it is now low, after a short period of time, it will rise again. Keep faith in history of the bitcoins.
Well, maybe it's time to adjust to a new reality where the economic and speculative value of cryptocurrencies is not as high as the market had led us to believe, so it would not bother me personally to see the cryptocurrencies at a price even lower than the current one, because that would allow to emphasize more the technological aspect of the cryptos, and not only its speculative aspect.
This is a very bad news to hear. Many people are losing interest in bitcoin due to the decrease of price. But this is the nature of cryptocurrency. Price is low now, but it will increase again. According to the previous records about bitcoin, the bitcoin price always rises. So there is no need to worry about it. Keep faith in bitcoin.
You are right, but there is another side to this story, according to your story 600 billion have been washed out of the market since its highest mark that was around 800 billion, but do remember that market grew from 70 billion mark to 800 billion in a single bull run, so i will suggest you to stay positive and hold, from 200 billion current level if we see strong bulls back like last year we can easily grow to over 2000 billion in volume and you know that will be epic.
some strange on market, a lot of people joining, capitalization is growing, but prices is falling, maybe we dont have decentralised market
This year is getting bearish with each passing month. Numerous individuals purchased bitcoin and many moved their situations from altcoin to BTC with respect to ETF getting affirmed however now that is by all accounts a passed factor and individuals beginning to stress. That very reason is causing this market plunge at the present time
It will be helpful if you provide the link to the article from where you have collected this data, What I think is very natural and nothing to be worried about the current situation, there were so many changes in this market in this year. We just need to be hopeful, it will get back to its position soon.
This is really sad that the price of cryptocurrency is again falling. I hope the investors do not start to sell out of panic as this will make the situation worse. I am hopeful the price will recover soon and will not hit any new low.
I personally believe that what's happening with bitcoin is quite normal but why people are taking it otherwise I dont understand. Crypto's main nature is that it is volatile. So, there's nothing to worry about what's happening right now. Again bitcoin's price will rise very high.
Wasn't the latest sell-off due to this ETF(?) thing that people was "buying the news" for, but it was postponed?
can you be kind enough to add links so we can read and learn more from this report? The market keeps going under some sort of sell pressures due to one news or the other which keeps coming up against the security and safety of their investment funds. The market will recover in time hopefully and all of this will be old news.
i suggest you not to be hyper.the situation of crypto market and market condition of bitcoin are not ok at all. hopefully after the end of the month all problems will be solved.
Don't create panic. i think still all are in normal condition. The Price of btc goes down i think because of etf decision, just take patience hopefully it will come back on its track shortly.
This is really very scary, I do not understand why the price for crypto currency is falling rapidly, what will happen to bitcoin and how circumstances will develop further, because it seems to me that the market may come to an end
No it's not scary. It's just how it is. If you don't believe in the whole bitcoin thing, don't come here and sell.
People are such pussies.
This is really good, crypto currency price is stable now. So I think bitcoin and other circumstance will develop soon. It seems to me that market may expand.
Cryptocurrencies’ $600 billion crash hits a new low
A broad selloff in cryptocurrencies of all sizes reduced the market value of virtual currencies tracked by Coinmarketcap.com to $230 billion, the lowest level since November
Bitcoin retreated as much as 7% to $6,393.70 in London, extending its 2018 drop to about 55%. Photo: Bloomberg
Bitcoin retreated as much as 7% to $6,393.70 in London, extending its 2018 drop to about 55%. Photo: Bloomberg
Eric Lam, Bloomberg
Hong Kong: The 2018 selloff in cryptocurrencies plumbed new depths on Wednesday after the US Securities and Exchange Commission dented enthusiasts’ hopes for an exchange-traded fund backed by Bitcoin.
A broad selloff in coins of all sizes reduced the market value of virtual currencies tracked by Coinmarketcap.com to $230 billion, the lowest level since November. Digital assets have now lost about $600 billion since crypto-mania peaked in January, equivalent to erasing the entire market value of Visa Inc. twice over. (Shares of the payments processor are trading
A broad selloff in cryptocurrencies of all sizes reduced the market value of virtual currencies tracked by Coinmarketcap.com to $230 billion, the lowest level since November
Bitcoin retreated as much as 7% to $6,393.70 in London, extending its 2018 drop to about 55%. Photo: Bloomberg
Bitcoin retreated as much as 7% to $6,393.70 in London, extending its 2018 drop to about 55%. Photo: Bloomberg
Eric Lam, Bloomberg
Hong Kong: The 2018 selloff in cryptocurrencies plumbed new depths on Wednesday after the US Securities and Exchange Commission dented enthusiasts’ hopes for an exchange-traded fund backed by Bitcoin.
A broad selloff in coins of all sizes reduced the market value of virtual currencies tracked by Coinmarketcap.com to $230 billion, the lowest level since November. Digital assets have now lost about $600 billion since crypto-mania peaked in January, equivalent to erasing the entire market value of Visa Inc. twice over. (Shares of the payments processor are trading
This year is getting bearish with every passing month. Many people bought bitcoin and many shifted there positions from altcoin to btc in regards to ETF getting approved but now that seems to be a passed factor and people starting to worry. That very reason is causing this market dip right now
All this information was already known by those who understand digital currencies. There are several threads that explain why certain coins have unreasonably high valuations (ex ripple hitting 3usd) and etc.
Pay attention to the people who understand crypto and how the market works, instead of the puppet dummy accounts and most bounty hype machines.
Pay attention to the people who understand crypto and how the market works, instead of the puppet dummy accounts and most bounty hype machines.
Anyone who thinks even 100B of REAL investment has come into crypto has rocks in their head
Most of the top 20 have huge fake caps.
Most of the top 20 have huge fake caps.
Wait if new money doesn't come in how can the market cap go up?
Market cap = Suppy of tokens x Price.
How are they faking this? Very interesting as I know from looking at the trading and situation that something doesn't pass the test. Interested to hear your thoughts.
If I create a project with a billion tokens and sell a few to my pals back and forth for 10 bucks each on some exchanges the market cap just went up another 10BN
The inception of the ICO just made it all too easy to fake and inflate
No doubt some projects are not totally fake but these inflated caps and talking of 600 billion crash in crypto is laughable
BTC and long period POW issued coins are much harder to give huge inflated and fake caps.
It is all to do with the initial distribution.... the only trustless way to distribute is POW ...once a project has required any period of trust it can never be trustless ever again that applies to all icos
Cryptocurrencies’ $600 billion crash hits a new low
A broad selloff in cryptocurrencies of all sizes reduced the market value of virtual currencies tracked by Coinmarketcap.com to $230 billion, the lowest level since November
Bitcoin retreated as much as 7% to $6,393.70 in London, extending its 2018 drop to about 55%. Photo: Bloomberg
Bitcoin retreated as much as 7% to $6,393.70 in London, extending its 2018 drop to about 55%. Photo: Bloomberg
Eric Lam, Bloomberg
Hong Kong: The 2018 selloff in cryptocurrencies plumbed new depths on Wednesday after the US Securities and Exchange Commission dented enthusiasts’ hopes for an exchange-traded fund backed by Bitcoin.
A broad selloff in coins of all sizes reduced the market value of virtual currencies tracked by Coinmarketcap.com to $230 billion, the lowest level since November. Digital assets have now lost about $600 billion since crypto-mania peaked in January, equivalent to erasing the entire market value of Visa Inc. twice over. (Shares of the payments processor are trading
A broad selloff in cryptocurrencies of all sizes reduced the market value of virtual currencies tracked by Coinmarketcap.com to $230 billion, the lowest level since November
Bitcoin retreated as much as 7% to $6,393.70 in London, extending its 2018 drop to about 55%. Photo: Bloomberg
Bitcoin retreated as much as 7% to $6,393.70 in London, extending its 2018 drop to about 55%. Photo: Bloomberg
Eric Lam, Bloomberg
Hong Kong: The 2018 selloff in cryptocurrencies plumbed new depths on Wednesday after the US Securities and Exchange Commission dented enthusiasts’ hopes for an exchange-traded fund backed by Bitcoin.
A broad selloff in coins of all sizes reduced the market value of virtual currencies tracked by Coinmarketcap.com to $230 billion, the lowest level since November. Digital assets have now lost about $600 billion since crypto-mania peaked in January, equivalent to erasing the entire market value of Visa Inc. twice over. (Shares of the payments processor are trading
don't panic just at 230bn$ market cap btc and alts will bleed more than this i think the bottom of btc is 5300$.. the thing is we have seen the btc at 20000$ and we want btc to stable its price at 20K but this will never happen every year pattern will repeat it self and new investors will keep entering in crypto.. i am disappointed too and waiting for market to recover but this is not going to happen any soon..
Anyone who thinks even 100B of REAL investment has come into crypto has rocks in their head
Most of the top 20 have huge fake caps.
Most of the top 20 have huge fake caps.
Wait if new money doesn't come in how can the market cap go up?
Market cap = Suppy of tokens x Price.
How are they faking this? Very interesting as I know from looking at the trading and situation that something doesn't pass the test. Interested to hear your thoughts.
Anyone who thinks even 100B of REAL investment has come into crypto has rocks in their head
Most of the top 20 have huge fake caps.
Most of the top 20 have huge fake caps.
I think the article is not complete . The numbers may not be accurate. The source is also not clear
This is really very scary, I do not understand why the price for crypto currency is falling rapidly, what will happen to bitcoin and how circumstances will develop further, because it seems to me that the market may come to an end
I bought bitcoin a year ago at a price of 1 800 - 2 000 dollars, now it costs about 6 500, it has increased more than 3 times. I do not understand you guys, why do you cry and write these messages. I see absolutely nothing wrong with what's happening right now. Look in the media, a year ago everyone said that bitcoin is a bubble and it will burst, now I do not hear these words and it's really very cool!
Posting a link to the original article would have been nice. I would like to know whether the author stated that $4 trillion U.S. Dollars have been wiped out from the global stock markets in a week after just 8 days of 'record high' values. The formal stock market has been around for 200 years; Cryptocurrencies market is almost entering its first decade, so it is still an infant. Our current value fluctuations shouldn't be a surprise for such an immature market.
Cryptocurrencies’ $600 billion crash hits a new low
A broad selloff in cryptocurrencies of all sizes reduced the market value of virtual currencies tracked by Coinmarketcap.com to $230 billion, the lowest level since November
Bitcoin retreated as much as 7% to $6,393.70 in London, extending its 2018 drop to about 55%. Photo: Bloomberg
Bitcoin retreated as much as 7% to $6,393.70 in London, extending its 2018 drop to about 55%. Photo: Bloomberg
Eric Lam, Bloomberg
Hong Kong: The 2018 selloff in cryptocurrencies plumbed new depths on Wednesday after the US Securities and Exchange Commission dented enthusiasts’ hopes for an exchange-traded fund backed by Bitcoin.
A broad selloff in coins of all sizes reduced the market value of virtual currencies tracked by Coinmarketcap.com to $230 billion, the lowest level since November. Digital assets have now lost about $600 billion since crypto-mania peaked in January, equivalent to erasing the entire market value of Visa Inc. twice over. (Shares of the payments processor are trading
A broad selloff in cryptocurrencies of all sizes reduced the market value of virtual currencies tracked by Coinmarketcap.com to $230 billion, the lowest level since November
Bitcoin retreated as much as 7% to $6,393.70 in London, extending its 2018 drop to about 55%. Photo: Bloomberg
Bitcoin retreated as much as 7% to $6,393.70 in London, extending its 2018 drop to about 55%. Photo: Bloomberg
Eric Lam, Bloomberg
Hong Kong: The 2018 selloff in cryptocurrencies plumbed new depths on Wednesday after the US Securities and Exchange Commission dented enthusiasts’ hopes for an exchange-traded fund backed by Bitcoin.
A broad selloff in coins of all sizes reduced the market value of virtual currencies tracked by Coinmarketcap.com to $230 billion, the lowest level since November. Digital assets have now lost about $600 billion since crypto-mania peaked in January, equivalent to erasing the entire market value of Visa Inc. twice over. (Shares of the payments processor are trading
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