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Jul 28, 2017    12:30:12 AM

Author Topic: $10bn cryptocurrency devaluation in past 24 hours, Bitcoin hit hard but recovering  (Read 37 times)

Offline YoNews

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$10bn cryptocurrency devaluation in past 24 hours, Bitcoin hit hard but recovering

Cryptocurrency investors have suffered heavy losses following a dramatic drop in the price of Bitcoin and Ethereum in recent days.

Bitcoin fell to around $1,863 and Ethereum to around $133 over the weekend  -  38 percent and 67 percent off their all-time high respectively. Bitcoin, in particular, suffered heavy losses since hitting a high of $3,018 on June 12.

By Monday, Bitcoin had recovered slightly to $2,129 while Ethereum also rose to $176.

The decline appears to be part of a wider trend across the market, with trade publication Coindesk reporting Sunday that the worth of all publicly traded digital currencies had fallen by a total of $10 billion in 24 hours over the weekend.

Source: $10bn cryptocurrency devaluation in past 24 hours, Bitcoin hit hard but recovering


 

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