04/23/21

Crypto plunge wipes out US$260 billion off the value of mark

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Bitcoin and other digital coins plunged on Friday wiping over US$260 billion off the value of the cryptocurrency market, CNBC reports.
 
At around 14:06 p.m. Beijing time, bitcoin was down by nearly 10 percent in the last 24 hours at US$49,281.40, according to CoinDesk data.
 
Ethereum fell to US$2,202.05, down more than 11 percet.
 
XRP, the fifth-biggest cryptocurrency plunged over 22%, according to price tracking site CoinMarketCap.
 
The Standard Channel
 
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This wiped out around US$260 billion of value from the entire cryptocurrency market.
 
It was unclear what triggered the sell-off though cryptocurrencies are known for their wild price swings.
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Updated on 04/23/21

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