24-01-2022 16:01 via slashdot.org

$130 Billion Wiped Off Crypto Markets in 24 Hours

The cryptocurrency market had around $130 billion wiped off its value over the last 24 hours as major digital coins continued their multi-day sell-off. From a report: Bitcoin was last down around 4% at $33,755.57, according to Coin Metrics, while Ether plunged 7% to $2,239.08. Earlier in the morning both fell to their lowest points since July and are each about 50% off their all-time highs. Cryptocurrencies are moving in tandem with stocks, which have continued to fall since the beginning of the
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