RATE Group | Cryptocurrency collapse wipes $640bn off notional valuations
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Cryptocurrency collapse wipes $640bn off notional valuations

11 Sep Cryptocurrency collapse wipes $640bn off notional valuations

Posted at 02:04h in Cryptocurrency News by

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The cryptocurrency market plumbed a fresh 10-month low yesterday as Bitcoin’s biggest rival tumbled and US regulators suspended trading in two securities linked to digital assets.

Ether, the second-largest virtual currency, slumped 10pc from its level at 5pm New York time on Friday, according to Bloomberg composite pricing. Bitcoin lost 2.6pc, while the market capitalisation of digital assets tracked by CoinMarketCap.com shrank to about $197bn – down almost…

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