North America Bloomberg
Bitcoin-led Crypto Rout Erases Nearly Half a Trillion in Just a Week's Time
Almost half a trillion dollars has been wiped off cryptocurrencies in less than a week as a selloff led by Bitcoin accelerated, slumping the total crypto market value by $467.6 billion since Jan. 29.
A severe sell-off in cryptocurrencies, led by a decline in Bitcoin, has erased nearly half a trillion dollars in market value over less than a week. The total crypto market value has slumped by $467.6 billion since Jan. 29. The selloff accelerated the loss, with cryptocurrency investors facing significant losses in recent days.
Brief written with AI from reporting by Bloomberg. All rights to the original story belong to the publisher.