RATE Group | Bitcoin hit by $184bn fall in market value since January, amid growing cryptocurrency do…
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Bitcoin hit by $184bn fall in market value since January, amid growing cryptocurrency do…

06 Sep Bitcoin hit by $184bn fall in market value since January, amid growing cryptocurrency do…

Posted at 18:18h in Cryptocurrency News by

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Bitcoin has shed $184bn in market value since January, according to new figures which reflect mounting investor uncertainty over the future of digital currencies.

Bitcoin, the world’s most widely traded crypto-currency, plunged sharply again on Thursday, taking the total fall over the previous 24 hours to 12.5pc. Bitcoin was trading at around $6409 on Thursday morning, after sliding beneath $7000 on Wednesday.

The value of all the world’s Bitcoins currently stands at $110 billion, according to figures from CoinMarketcap.com. They hit a 2018 peak of $294 billion on January 6 this year.

The rapid sell-off comes amid continuing fears over the lack of regulation in the cryptocurrency market and the…

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