Bitcoin price LIVE: $43 billion in crypto value wiped in a five day rout | City & Busine…

DAILY HEADLINES

Despite small gains in the late hours of the weekend, the cryptocurrency market suffered heavy losses last week. 

Prices appear to have found stability this morning, but most of the market has made a loss on the day.

Bitcoin increased 0.63 percent to trade for $6,384.25, while Ethereum fell 2.67 percent to trade at $317.69.

Ripple dropped 1.89 percent to go for $0.301862 and Litecoin dropped another 2.30 percent to sell for $59.44.

The bearish market has forced prices to plummet significantly, but are the fortunes of crypto investors about to turn?

8am UPDATE: Crypto millionaire allegedly scammed out of 5,500 bitcoins

Acording to media reports from Bangkok Post, a 22-year-old crypto millionaire lost more than 5,500 bitcoins in an alleged investment scam in Thailand.

The report alleges that a group of Thai people approached and solicited Finnish businessman Aarni Otava Saarimaa in June 2017 pitching investing in several Thai stocks, a casino in Macau as well as a new…